A year after the second period of US President Donald Trump, the CFTC Futures Trading Committee still does not have a permanent president.
Former CFTC Commissioner Brian Quintns was the best choice for this role. A confirmation was expected to be expected by the end of July, but it was stopped at the request of the White House. According to what was reported, Winklevoss Brothers wanted Quintenz as a president because he will not protect the coded currency.
So, who will be? In recent weeks, several different names have appeared as potential candidates, including former commissioners and politicians. The White House did not confirm its choice, but some names were offered by the informed.
The encryption industry is closely interesting – especially since the market infrastructure bill makes its way through Congress will give the great organizational supervision CFTC.
Michael Celig
In a report on September 19, referring to those familiar with the White House, Bloomberg reported that Michael Celig was in view to the presidency of CFTC.
Current role: Celig, the chief adviser to the work squad of the Securities and Stock Exchange Committee.
The past experience: Celig was a partner at Willkie Farr & Gallagher, who was working in the practice of encryption assets and digital assets. He was also a lawyer in Perkins Koy and a partner in Red Smith.
Ideas about encryption: Immediately after Trump, Celig said that the next SEC president should take an “no harm” in encryption. He also called for the “organization of implementation” by the Supreme Education Council.
Tyler Williams
The White House sources are also talking to Bloomberg, Tyler Williams, as a candidate under the leadership of CFTC.
Current role: Williams is currently an adviser to US Treasury Secretary Scott Payette, who provides advice on digital assets and Blockchain technology policy.
The past experience: Williams served as head of the Galaxy Digital Policy Policy, before that he was running his financial service consulting company in Washington, DC, and was also a great adviser to FS Vector and a senior political advisor for the Virginia Governor Glenn Yongen Governor.
Ideas about encryption: Williams was one of the main authors of the White House encryption report. In an interview with TRM LABS, Williams stressed the need to give certainty to the encryption industry and provide a “permanent framework”.
Somers generation
On September 25, the former CFTC Commissioner, Jill Somers, was under consideration of the agency’s leadership.
Current role: According to LinkedIn, Sommers currently occupies a financial services advisor in Washington, DC.
The past experience: From 2007 to 2013, Somers worked as a CFTC commissioner to nominate President Barack Obama. In CFTC, she was the chairman of the Consultative Committee for Global Markets and was the committee designer in the Financial Literacy Committee.
After leaving CFTC, she became head of the Potomak Global Partners and joined the FTX.US board in 2022.
Ideas about encryption: Somers did not say much publicly on encryption. When she joined FTX.US, she confirmed the work closely with the organizers to form better lists for encryption derivatives.
Kyle Hobman
Territt also tilted that Kyle Hobman is listed in the short menu of the CFTC chair.
Current role: HAUPTAN currently occupies the head of the National Credit Union (NCUA), which was nominated by Trump. NCUA provides credit federations and provides deposit insurance.
The past experience: Before his service at NCUA, HaUPTMAN was a consultant for the economic and financial policy of Senator Tom Couton and was the Director of the General Authority of the Sub -Paradise Committee of the Senate Banking Committee on Economic Policy. He was also a consultant member of the Supreme Education Council.
Ideas about encryption: HAUPTMAN has not specifically made public comments on encryption. However, it gave priority to avoiding suffocating organization and adopting a new technology in NCUA, indicating that at least open to new concepts such as Crypto and Bolockchain.
Josh Sterling
On September 24, Semafor reported that lawyer Josh Sterling was under study to run CFTC, citing familiar sources.
Current role: Currently, Sterling is a partner in Milbank and a member of white collars, investigations, derivatives/alternative financial products practices. It also represents the prediction market like Shi.
The past experience: Sterling has previously occupied as a co -chair of the sub -committee for derivatives of the Foundation, Finance and Law Company at the Association of Lawyers in the province of Colombia. He was also a member of the Capital Markets Advisory Committee at the American Chamber of Commerce.
Ideas about encryption: While in CFTC, Sterling made a statement of “support for innovation in digital asset products”. He noticed the concerns of customer protection regarding digital assets and said: “CFTC itself feels that they have a valuable and constructive role, and perhaps even a major role in regulating digital assets, market and ecological system.”
Combining SEC and CFTC?
One of the unconventional suggestions was the combination of CFTC and SEC. According to the Crypto Aaron Berogan lawyer, some high -level sources are considering unifying the clutch, making Paul Atkins, the current SEC Council Chair, CFTC president.
Borujan said the only problems are how they work or whether it is legal. The Trump administration has appointed one person to head multiple agencies, although these are not the same as CFTC.
“It is not clear whether he could be a confirmed member of the Securities Stock Exchange Committee and a confirmed member of CFTC because there is this [SEC statute] This says the SEC Commissioner cannot engage in another work. “
There are also moral issues. “As a political issue, the Trump administration’s efforts to unify power over many agencies are in a handful of officials,” said Professor Nick Bednar of the University of Minnesota Law Faculty.
After all, the person has a lot of time in one day, and it is spread through multiple agencies “that makes it difficult to guarantee the appropriate management within a specific agency. The centralization of control comes at a great cost on administrative capacity and good governance.”
Regardless of those who ultimately nominate the White House, they also need to pass the lengthy nomination sometimes in the Senate. The CFTC Pro-Crypto Chair can still be far away.
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