US EditionUS CFTC's only Democratic commissioner sets date to leave agency
Kristin Johnson, the sole Democrat and one of two commissioners, will leave the U.S. Commodity Futures Trading Commission, reducing it to a single commissioner on Sept 3.
- Commissioner Kristin Johnson revealed in a statement earlier this week that she plans to depart from the Commodity Futures Trading Commission on September 3.
- Her departure follows a background of workforce reductions and delays in nominating replacements, including Brian Quintenz awaiting Senate confirmation.
- With Johnson's exit, the five-member bipartisan commission will reduce to two members: Acting Chairman Caroline Pham and Quintenz once confirmed.
- Johnson emphasized that while pursuing policies aimed at economic growth, it is essential to preserve the underlying strength that ensures the stability of the financial system.
- This shift suggests leadership changes that may affect the agency’s role in crypto oversight while it awaits new nominations and congressional action.
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CFTC Faces Leadership Shake-Up As Johnson Exits, Pham Steps In - FinanceFeeds
The US Commodity Futures Trading Commission (CFTC) is undergoing a leadership change following Commissioner Kristin Johnson’s confirmation of her exit on September 3. Johnson, who joined under the Biden administration, is leaving to pursue an academic role. Although her service term officially ended on April, Johnson continued to serve at the agency until her departure. Her exit marks the fourth leadership departure under the Biden administratio…
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Total News Sources17
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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