{"id":442436,"date":"2022-05-05T21:30:00","date_gmt":"2022-05-05T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cftc-commissioner-appoints-crypto-experienced-cme-group-director-as-chief-counsel\/"},"modified":"2022-05-05T21:30:00","modified_gmt":"2022-05-05T18:30:00","slug":"cftc-commissioner-appoints-crypto-experienced-cme-group-director-as-chief-counsel","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cftc-commissioner-appoints-crypto-experienced-cme-group-director-as-chief-counsel\/","title":{"rendered":"# CFTC commissioner appoints crypto-experienced CME Group director as chief counsel"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34d6fec9268\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34d6fec9268\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cftc-commissioner-appoints-crypto-experienced-cme-group-director-as-chief-counsel\/#%E2%80%9D_CFTC_commissioner_appoints_crypto-experienced_CME_Group_director_as_chief_counsel_%E2%80%9C\" >&#8221; CFTC commissioner appoints crypto-experienced CME Group director as chief counsel &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CFTC_commissioner_appoints_crypto-experienced_CME_Group_director_as_chief_counsel_%E2%80%9C\"><\/span>&#8221; CFTC commissioner appoints crypto-experienced CME Group director as chief counsel &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYjM1MWY5MDItMmNmZC00YWFiLTgxMTQtNDkzZWVhNjA2NzliLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff.<\/p>\n<p>In a Thursday announcement, Johnson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/8521-22\">said<\/a> Bruce Fekrat will be her chief counsel at the CFTC starting on June 1. Fekrat worked as an executive director and associate <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> counsel at the CME Group for more than eight years, where he was lead regulatory counsel for issues including digital assets. During his time at the derivatives marketplace, he regulated cryptocurrency reference rates and helped in the development of financial products including Bitcoin (BTC) and Ether (ETH) derivatives.<\/p>\n<p>Nominated by U.S. President Joe Biden in September 2021, Johnson was sworn in within days of both Christy Goldsmith Romero and Summer Mersinger filling the other vacant commissioner seats at the CFTC in March 2022 \u2014 the government agency normally has five commissioners in its panel. In addition to Fekrat, Johnson announced Lillian Cardona and Natasha Robinson Coates will join her staff as interim senior counsels.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">NEWS<\/a>: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CFTCjohnson?ref_src=twsrc%5Etfw\">@CFTCjohnson<\/a> Announces Initial Staff <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>ointments. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eZhdbPMclo\">https:\/\/t.co\/eZhdbPMclo<\/a><\/p>\n<p>\u2014 CFTC (@CFTC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CFTC\/status\/1522215918935240704?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThough former commissioner Dawn Stump previously told Cointelegraph that the CFTC \u201cdoes not regulate crypto assets even if they are commodities,&#8221; having staff with experience in cryptocurrencies could potentially influence digital asset regulation in the United States.\u00a0<\/p>\n<p>At present, the Securities and Exchange Commission, the Federal Reserve, Treasury Department, the CFTC and the Financial Crimes Enforcement Network handle issues dealing with digital assets in the United States, including regulation and enforcement. However, each agency often has different jurisdictional claims, resulting in a regulatory patchwork approach many industry leaders have criticized.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bringing crypto market &#8216;into the light&#8217; doesn\u2019t address enforcement: CFTC chair<\/em><\/strong><\/p>\n<p>During\u00a0Fekrat&#8217;s tenure at the CME Group, the derivatives marketplace launched Bitcoin futures contracts in December 2017 amid the bull run, and later went on to introduce micro Bitcoin futures in May 2021 and micro Ether futures in December 2021. In March, the group announced it would launch options trading for its micro Bitcoin and Ether futures products,\u00a0subject to regulatory review.<\/p>\n<p><em>Cointelegraph reached out to Bruce Fekrat, but did not receive a response at the time of publication.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cftc-commissioner-appoints-crypto-experienced-cme-group-director-as-chief-counsel\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CFTC commissioner appoints crypto-experienced CME Group director as chief counsel &#8220; Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff. In a Thursday announcement, Johnson said Bruce Fekrat&#8230;<\/p>\n","protected":false},"author":1,"featured_media":442437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYjM1MWY5MDItMmNmZC00YWFiLTgxMTQtNDkzZWVhNjA2NzliLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,75845,74863,55229,70934,67874],"class_list":["post-442436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-cme","tag-cryptocurrencies","tag-law","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=442436"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442437"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}