U.S. President Trump Names CFTC, SEC Nominees for First Time in a Year
The picks would restore bipartisan staffing at the two market regulators, which oversee crypto and broader financial markets, after a year without new nominees.
- On Thursday, President Donald Trump nominated four individuals to fill vacancies at the Securities and Exchange Commission and the Commodity Futures Trading Commission, bolstering the understaffed financial regulatory agencies.
- Both agencies face severe staffing shortages; the SEC operates with only two of its five commissioner seats filled, while CFTC Chairman Mike Selig remains the sole member of his agency's five-seat commission.
- Trump recommended former CFTC Commissioner Kristin Johnson and attorney Steven Levine for the SEC, while nominating Republican Nathan Anonick and Democrat Matthew Rowland to the CFTC.
- The Senate Agriculture Committee must approve CFTC nominees, and the Senate Banking Committee must clear SEC picks, before the full Senate votes to confirm each appointment.
- These nominations face a narrow confirmation window during the Senate's current lame duck session, as Democrats are set to take control of the chamber in January.
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White House sends CFTC, SEC role picks to Senate for approval - Regional Media News
Nov 12 (Reuters) - The White House on Thursday sent bipartisan nominations for roles at the Commodity Futures Trading Commission and the Securities and Exchange Commission to the Senate for approval. The move comes as President Donald Trump's Republican Party is set to lose control [...]
Trump Nominates Bipartisan Slate of CFTC, SEC Commissioners
The White House nominated four people to fill vacant positions in the SEC and the CFTC. Two worked at the Clarity Act, while Kristin Johnson has repeatedly addressed the regulation of digital assets.
Crypto Breaking News
coinstats.appTrump Taps SEC Nominee as Hester Peirce Successor, Reportedly
U.S. President Donald Trump has nominated Steven Levine to fill a Securities and Exchange Commission seat previously held by Hester Peirce, as part of four pending appointments intended to restore vacancies at both the SEC and the Commodity Futures Trading Commission. The White House announced the nominees in an update sent to the Senate, with [...]
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