CFTC Chairman to Step Down When Trump Takes Office
Generated by AI AgentWesley Park
Thursday, Jan 9, 2025 3:43 am ET1min read
As the clock ticks down to the inauguration of President-elect Donald Trump, the U.S. Commodity Futures Trading Commission (CFTC) is set to undergo a significant change in leadership. Current CFTC Chairman Rostin Behnam has announced his intention to step down on January 20, the same day Trump is sworn into office. This departure will pave the way for Trump to appoint a new chair who aligns with his deregulatory agenda and could have significant implications for the crypto industry and derivatives regulation.
Behnam's departure comes as the CFTC has been increasingly involved in regulating the crypto industry. Under his leadership, the agency has taken a more active role in overseeing digital assets, with a focus on filling the regulatory gap in the digital asset space and addressing climate-related market risk. His departure could lead to a shift in the agency's approach to crypto regulation, potentially aligning more with the incoming Trump administration's pro-crypto stance.
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