Trump Nominates Democrats to SEC and CFTC for the First Time

Odaily reports: U.S. President Donald Trump has submitted four nominations to the Senate, nominating Nathan Anonick and Matthew Rowland to serve as commissioners of the U.S. Commodity Futures Trading Commission (CFTC), and nominating Kristin Johnson and Steven Levine to serve as commissioners of the U.S. Securities and Exchange Commission (SEC). This is the first time the Trump administration has nominated Democrats to the SEC or CFTC; among the four candidates, Rowland and Johnson are Democrats, while Anonick and Levine are Republicans.

Both CFTC candidates have previously been involved in work related to the Clarity Act. Levine will fill Hester Peirce's seat at the SEC; Johnson will replace the crypto-skeptical Caroline Crenshaw. All nominations must be confirmed by the Senate.

The nominations come at a time when both regulatory agencies have vacant commissioner seats. The Senate is expected to shift to Democratic control in January next year, leaving Republicans with a limited window to push the nominations through confirmation. (Decrypt)