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Caroline Pham, the reigning chairwoman of the US commodity futures and the Commercial Commission, openly discussed the intention of leaving the Commission, as soon as it was permanently replaced, people who are familiar with its plans have left important questions about the future overview of the agency policy.
If President Donald Trump nominated for the PresidencyFormer Commissioner Brian Quintenz, confirmed by the Senate to take the work, the departure of the Republican Pham could coincide with the planned departure of a colleague from the Republican Commissioner Summer Mersinger to run the Blockchain association.
Who left? The new Republican President – who served as the leading policy for A16Z after leaving the agency – found himself along with the only colleague of the Commissioner: Democrat Kristin Johnson.
This leaves Quintez with practical control of the program and staff of the agency, because almost all its employees will apply to their office. However, CFTC could be affected to create a new policy, because Congress is working on legislation that could assign a new powers to the regulator above the crypt. The longer it waits for the White House to select candidates to face the Senate confirmation, the longer the potential delay of political work with the higher shares that requires the involvement of the commission.
CFTC usually has five members – the chairman and two of the majority of the majority, plus two of the minority party Commissioner. If Quintens nods the Senate, it takes over the place held by Christy Goldsmith Romero, Democrat who said he was left her widespread Stint in government service When this role ends.
The only Democrat, Johnson, did not miss the reputation Displaying its digital assetsLike the sharper rhetoric associated with the lonely democrat of the Securities and Exchange Commission, Caroline Crenshaw. It is not clear what the common land would be, if it existed, between Johnson and Quintens, it should serve as a commission for two people.
Mersinger will start as the CEO of the Krypto Lobbing Group Blockchain at the beginning of next month, according to Marty Belcher’s chairman and chairman of the Board of Directors Notes emphasizing a new rental in the middle During the consensus 2025 in Toronto, it called it a person who could “to the next level in politics” to the next level “.
“This decision is not easy and breaks my heart to leave the agency I have loved so much in the last five years,” Mersinger said in his statement. He will soon lobby for a policy that is likely to direct his former agency one day to regulate spot markets for most crypto trading in the US
Pham, former Executive Director of Citigroup Inc., attracted as the temporary head of the agency appointed by Trump. Using coercive measures to manage crypt matters and to Re -evaluate some of your political positions.
The reigning chairman did not respond to the request for comment on hours on Wednesday.
Before Pham and Mersinger arrived in the slate of four denominators, which also included Democrats Johnson and Romero, CFTC was two commissioners. The recently sent chairman of Rostin Behnam, Democrat, served for some time with the Republican Dawn Stump.
It is not clear what the President’s nomination strategy may be for the potential three vacancies CFTC, if Pham left, which would include one position for Democrat. So far Trump has tried to remove a democratic denominator from federal regulatory agencies, such as Federal Business Commission and the administration of the National Credit Union.
Read more: CFTC Mersinger Commissioner became CEO in Blockchain Association
