According to insiders, the Trump administration is weighing six possible contenders to take the helm of the Commodity Futures Trading Commission (CFTC). Included in the list of individuals under evaluation are past CFTC chairpersons, Brian Quintenz and Caroline Pham. Quintenz and Pham each possess a background in steering through the intricacies of the derivatives sector and garner respect within financial circles. The selection of the future CFTC leader is anticipated to bear considerable weight on the oversight of virtual currencies and novel monetary technologies. Toncoin (TON) Value Forecast for March 26th
Fan Zeng had earlier condemned the CFTC and SEC for not having distinct jurisdictional limits when it came to digital currency regulation.
Marco Santori, who serves as Kraken’s Chief Legal Officer, is another name being considered for the job. Kraken is just one of a number of virtual currency firms in the United States that are now being impacted by CFTC regulatory actions. Santori spoke before the U.S. Congress in 2023 to push for efficient digital currency regulation.
According to Reuters, Neil Kumar and Josh Sterling are also being assessed by the Trump transition team. Neil Kumar is a Weil, Gotshal & Manges partner who focuses on commodity and derivatives law. He has voiced concerns about the Biden administration’s digital currency regulatory strategy.
Josh Sterling is also a seasoned CFTC professional. He is now a Milbank partner, primarily handling derivatives-related litigation and arbitration.
