The US CFTC will soon be run by acting chairwoman Caroline Pham alone.
5hours ago
Odaily Planet Daily reports that Democratic Commissioner Kristin Johnson of the U.S. Commodity Futures Trading Commission (CFTC) will resign on September 3rd, reducing the CFTC's five-member commission to just Acting Chairwoman Caroline Pham. Trump's nominee, Brian Quintenz, is still awaiting Senate confirmation, and his appointment date has yet to be determined. If Quintenz officially succeeds Pham as chair, Pham plans to resign and return to the private sector. The CFTC is one of the primary regulators of cryptocurrency in the United States, and the remaining commissioner could expose its policies to legal challenges and increase regulatory uncertainty for the industry.
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