Crypto lobby considers ideal Biden picks for SEC, CFTC, OCC
With Janet Yellen the presumptive Treasury Secretary, Biden's potential nominations to the U.S. regulatory apparatus will be critical. The crypto lobby seems to be cautiously optimistic about Biden's potential picks to lead the U.S.'s regulatory environment. That is, at least, according to a Thursday discussion hosted by TRM labs, featuring the executive directors of the Blockchain Association and Coin Center — respectively Kristin Smith and Jerry Brito. The pair got into a discussion of who they hope the Biden administration nominates to top regulatory agencies like the Securities and....
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The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise? On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated Rostin Behnam, who has run the derivatives regulator as acting chairman since January, to assume the office on the permanent basis.The appointments are unlikely to face serious obstacles on their way to confirmation, as nominees will have to secure a....
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....
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. U.S. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats.In a Monday announcement from the White House, President Biden said he planned to nominate Behnam — who has been serving as lead at the Commodity Futures Trading Commission, or CFTC, since former chair Heath Tarbert left in January — in addition to Kristin Johnson and Christy Goldsmith Romero.....
Bitcoin investors keen to profit from Joe Biden's presidency have received another bullish update from the oval office.
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.