CFTC Leadership Vacuum Raises Policy Questions

[nihalsari]

Despite Quintenz’s strong backing when Trump initially floated him as CFTC chair, the nomination ultimately stalled following the release of text messages involving Gemini founders Cameron Winklevoss and Tyler Winklevoss. Weeks later, Michael Selig was nominated and confirmed instead.

As of January, Selig is the only Senate-confirmed commissioner at the CFTC, which normally operates with five members. With no new nominations announced, the regulator faces a prolonged leadership gap that could slow rulemaking and enforcement at a time when crypto and derivatives markets are evolving rapidly.

[ed]

cftc running with basically one confirmed member feels… not ideal given how fast crypto’s moving