President Joe Biden intends to appoint three financial regulators with academic and governmental backgrounds to fill the three Democratic seats of the Committee of Five, which is responsible for regulating the U.S. derivatives market, on Monday. Was announced.
The President is Rostin, the current Deputy Chairman of the Commodity Futures Trading Commission, to lead an institution that has recently received greater attention for its role in the regulation of markets related to cryptocurrencies such as Bitcoin. Said to nominate Venam
Behnam was previously a senior adviser to Michigan’s Democratic Senator Debbie Stabenow and worked at the Attorney General’s New Jersey office within the Securities Office.
Biden has also nominated Professors Christine Johnson and Christie Goldsmith Romero of Emory University and is currently working in the Special Inspector General’s Office of the Bad Assets Relief Fund, with two other Democratic seats on the committee. I plan to fill it.
The CFTC is a committee of five and can be served by up to three commissioners of the same party at the same time. The only Republican who is currently the CFTC Commissioner after Brian Quintess left last month is Dawn DeBerry Stamp.
Biden nominates three democratic regulators to serve the CFTC
Source link Biden nominates three democratic regulators to serve the CFTC