{"id":339187,"date":"2021-09-14T19:52:18","date_gmt":"2021-09-14T16:52:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/president-biden-announces-picks-to-fill-cftc-vacancies\/"},"modified":"2021-09-14T19:52:18","modified_gmt":"2021-09-14T16:52:18","slug":"president-biden-announces-picks-to-fill-cftc-vacancies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/president-biden-announces-picks-to-fill-cftc-vacancies\/","title":{"rendered":"# President Biden announces picks to fill CFTC vacancies"},"content":{"rendered":"

“# President Biden announces picks to fill CFTC vacancies <\/strong>”
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U.S. President Joe Biden has tapp<\/a>ed acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats.<\/p>\n

In a Monday announcement from the White House, President Biden said<\/a> he planned to nominate Behnam \u2014 who has been serving as lead at the Commodity Futures Trading Commission, or CFTC, since former chair Heath Tarbert left in January \u2014 in addition to Kristin Johnson and Christy Goldsmith Romero. All must be confirmed by the Democrat-controlled Senate.<\/p>\n

According to her faculty profile at the Emory University School of Law, Johnson has been examining<\/a> the implications of \u201cemerging innovative technologies including distributed digital ledger technologies that enable the creation of digital assets and intermedia<\/a>ries.\u201d She has previously hinted<\/a> at establishing greater governmental oversight of crypto platforms.<\/p>\n

Romero has been serving as special inspector general<\/a> for the Troubled Asset Relief Program, an initiative established<\/a> to \u201cprevent and detect fraud, waste, and abuse\u201d following the 2008 financial crisis. She also served as senior counsel in the Securities and Exchange Commission\u2019s Enforcement Division. <\/p>\n

It\u2019s unclear how the addition of Johnson and Romero will affect policy on digital assets at the CFTC. Dawn Stump told Cointelegraph in August that the government body \u201cdoes not regulate commodities, and thus it does not regulate crypto assets even if they are commodities.”<\/p>\n

Related: <\/em><\/strong>US lawmakers urge CFTC and SEC to form joint working group on digital assets<\/em><\/strong><\/p>\n

The CFTC normally has five commissioners in its panel, but there have been two empty seats since the departure of Brian Quintenz on Aug. 31 and former chair Tarbert in January. All nominations must be put forth by the President of the United States and confirmed by the Senate in a simple majority vote. Democrats currently control 50 out of the 100 Senate seats, with Vice President Kamala Harris able to act as a tiebreaker. <\/p>\n