Christy Goldsmith Romero of the US Commodity Futures Trading Commission (CFTC) will drop on May 31, leaving three seats open to the financial regulator.
In an announcement of May 16, Romero Says His last day at the agency was on May 31, before him reported initial plan To leave if the Senate confirmed former commissioner Brian Quintenz as a new seat. His departure will come just one day after Tag -warmer Commissioner Mersinger is expected to go down To join the Crypto advocacy organization with the Blockchain Association as CEO.
“It is a huge honor to end my 23 years of federal service to an agency with an important mission to ensure that financial markets have played their critical role in the US and global economies,” Romero said.
Romero and Mersinger’s upcoming departure will leave the CFTC with only two members confirmed in the Senate: Caroline Pham and Commissioner Kristin Johnson are acting, each taking a Republican and Democratic chair, respectively. The leadership of the leadership gives President Donald Trump the opportunity to select two more commissioners after the Senate discussing Quintenz’s nomination.
Related: Former CFTC attorney said the agency should take the lead in Memecoin regulations
In the assumption of Quintenz, probably positioned for one of the CFTC’s Republican chairs, confirmed, Trump could still exchange commission leadership by selecting three of the five panel members. CFTC policies require that no more than three commissioners belong to the same political parties.
https://www.youtube.com/watch?v=ziirhv3cbog
Congress looking to clarify the SEC, CFTC duties in Crypto
Leading the leadership to one of the most significant US finance regulators arrived while homeworks at home were Considering the draft law That can establish a framework of digital asset regulation. The bill is expected to clarify the Oversight and Enforcement Authority of the CFTC and the Securities and Exchange Commission (SEC) in many cryptocurrencies.
In his time at the commission, beginning in 2022, rosemary Helped to establish the CFTC technology Advisory CommitteeIn part in response to responding to regulatory concerns from the crypto industry. He too Supported A joint effort by US authorities against the cryptocurrency exchange Binance, resulting in a $ 2.7-billion settlement with the CFTC.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
