Tarbert makes way for Biden's CFTC chair, but will remain a commissioner
Tarbert's brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissionerIn a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of December. However, it was not clear at the time whether he would remain on the commission at all.Today's announcement confirmed that Tarbert would stay on as a commissioner, with a term that formally expires on April 13, 2024. In listing....
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Over the course of his 18-month term, Tarbert has been a consistent advocate for principles-based regulation of crypto. In a Dec. 10 public statement, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year. In listing accomplishments over the course of his term, Tarbert included that: "we have promoted responsible fintech innovation and declared Ether a commodity."This tracks with Tarbert's broader interest in the crypto markets and earlier statements affirming that Bitcoin and Ether should not face regulation as....
CFTC Chairman Heath Tarbert intends to leave the role early in 2021, opening the door for President-elect Joe Biden to name a new top commodities regulator.
After resigning from the commission's executive position in January, Tarbert is on his way out. Without much fanfare, Heath Tarbert has announced his full departure from the Commodity Futures Trading Commission at the end of this week.In a tweet Wednesday morning, the former CFTC Chairman said that he would be fully resigning as of Friday. In December, he left his post as chairman, which the CFTC announced formally on its website, but he indicated that he intended to stay on at the commission for an indefinite length of time. Today's announcement did not clarify future plans. During his....
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive," and hinted that decentralized finance platforms were likely illegal under the Commodity Exchange Act. Dan Berkovitz, one of three commissioners currently serving at the United States Commodity Futures Trading Commission, will be joining the Securities and Exchange Commission as general counsel following his departure in October.In a Tuesday announcement, the Securities and Exchange Commission, or SEC, said Berkovitz would assume the role of general counsel starting on Nov. 1, two weeks....
At his October confirmation hearing, Rostin Behnam said it was "critically important to have a primary cop on the beat" of an emerging market that included cryptocurrencies and stablecoins. Congressional lawmakers confirmed the nomination of Rostin Behnam, a commissioner at the Commodity Futures Trading Commission who had been serving as acting chairperson, to assume his position on a more permanent basis.In a Wednesday evening voice vote, members of the U.S. Senate approved President Joe Biden’s pick to lead the CFTC. Behnam has served as a commissioner since 2017 and acting chair....