Christy Goldsmith Romero has announced plans to step down from the Commodity Futures Trading Commission (CFTC).
She shared her decision on February 25 with Reuters, stating that she would leave after Congress finalizes Brian Quintenz’s appointment as the agency’s new chair.
However, Quintenz’s confirmation is still pending as the US Senate has yet to schedule a vote. Until then, acting chair Caroline Pham will continue leading the agency.
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He previously led the CFTC from 2017 to 2021 during President Donald Trump’s first term. His initial nomination came in 2016 under former President Barack Obama. News of Quintenz’s return surfaced in a Bloomberg report on February 12, and he later confirmed his nomination on X.
With Romero’s departure, Commissioner Kristin Johnson would become the only Democrat on the five-member commission. The CFTC’s structure requires that no more than three commissioners belong to the same political party, meaning that once Quintenz takes office, another Democratic appointee will need to be selected to fill the remaining seat.
During her time at the CFTC, Romero played a key role in bringing back the technology advisory committee, which helps the agency navigate developments in the crypto industry. She also supported the lawsuit filed against Binance
$14.3B
and its former CEO, Changpeng “CZ” Zhao, on March 27, 2023.
Meanwhile, John Gould, former chief legal officer at Bitfury, was recently nominated to lead the Office of the Comptroller of the Currency (OCC). Why him? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
