The Combo Futures Trading Commission (CFTC) could have an even stronger republican majority when the president chosen by President Donald Trump arrives, with the announcement on Wednesday that the Democratic Commissioner Christy Goldsmith Romero will move after this expected confirmation.
If Trump’s candidate, Brian Quintenz, a former agency republican commissioner, is approved by the American Senate, the exit of the Democrat will leave the right commissioner Kristin Johnson to represent the minority party of the agency. This change in leadership would take place at a particularly significant time for the agency, when its leading role expected in the crypto is being drawn up at the congress and the resistance passed to the industry is removed from the already active overhaul CFTC staff.
“History has shown how solid regulations play an essential role in American financial markets in the envy of the world, and I am honored to have played a role in promoting American markets and the protection of investors and customers “Said Goldsmith Romero in a press release, noting it will end a 23 -year career in the federal government which also included significant roles at the Securities and Exchange Commission and in the Department of the American Treasury.
Commissioner Johnson refused to discuss the plans of his Democratic colleague, saying to Coindesk: “I don’t want to comment on something that is still developing.”
The agency’s acting president, Caroline Pham, congratulated the outgoing commissioner as “an opinion leader in the fight against fraud and the fight against cybersecurity in new technologies such as AI and Blockchain as that sponsor of the CFTC technological advisory committee “, in a press release.
The federal career path of Goldsmith Romero, noted as the first Commissioner LGBTQ + at the CFTC, evolved considerably after Trump’s victory, because it had previously been the choice of President Joe Biden to manage the federal Deposit Insurance Commission, although the Senate has never managed to vote on his appointment.
