Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit

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Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit

//business-finance.news-articles.net/content/202 .. -s-cftc-chair-pick-as-behnam-announces-exit.html

Published in Business and Finance on Wednesday, January 8th 2025 at 11:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.

231x130/6243 Bytes

The cryptocurrency industry is currently in a state of anticipation as the term of Rostin Behnam, the current Chair of the Commodity Futures Trading Commission (CFTC), is set to end in June 2024. Behnam, who has been a proponent of regulating digital assets, has not been reappointed by President Joe Biden, leading to speculation about his replacement. The crypto sector is particularly interested in who former President Donald Trump might nominate if he wins the upcoming election, given his past comments on cryptocurrency. Potential candidates include Trump's former CFTC commissioners like Brian Quintenz and Dawn Stump, or even figures like Chris Giancarlo, known as "CryptoDad" for his supportive stance on digital currencies. The industry is keen on understanding how the next CFTC chair will approach the regulation of digital assets, especially in light of recent legal actions against major crypto exchanges like Binance and Coinbase.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/financial-regulation/crypto-industry-awaits-trump-s-cftc-chair-pick-as-behnam-announces-exit/ar-AA1xbo3R ]