What to know:
- Fox Business says that the Trump transition team is considering Perianne Boring and Caroline Pham to lead the Commodity Futures Trading Commission (CFTC).
- Summer Mersinger, another CFTC commissioner, is also being considered.
As an analyst with years of experience in the financial and technology sectors, I find this potential appointment of Perianne Boring or Caroline Pham to lead the Commodity Futures Trading Commission (CFTC) under President-elect Trump’s administration intriguing.
According to a report from Fox Business, there are two potential female candidates under consideration for the position of leading the Commodity Futures Trading Commission (CFTC) who have a favorable view towards cryptocurrencies.
Under consideration by President-elect Donald Trump, as reported by Fox, are two potential nominees for the head of the Commodity Futures Trading Commission (CFTC): Perianne Boring and Caroline Pham. Both individuals have demonstrated support for cryptocurrencies. If Trump’s administration takes office, the CFTC could emerge as a key regulatory body in the digital assets sector.
Lately, Boring has been vocally supporting the bitcoin mining sector, criticizing what she refers to as excessive regulation. In a recent article for CoinDesk, she targeted the Department of Energy’s data gathering methods, claiming they unfairly target bitcoin miners under the pretense of “emergency” actions. Additionally, she has accused the Securities and Exchange Commission of using “covert rulemaking” by attempting to classify several cryptocurrencies as securities.
Boring did not respond to a request for comment by CoinDesk sent by SMS.
Pham, who is being considered among other potential candidates, currently serves on the Commodity Futures Trading Commission (CFTC) as a commissioner appointed by the Republicans. Additionally, he heads the CFTC’s Global Markets Advisory Committee.
As a researcher in 2023, I suggested a trial period for a regulatory program focusing on digital asset markets and tokenization. The goal was to create a flexible, principles-based structure that could effectively tackle the challenges of innovation and risk management in this dynamic field.
As a researcher, I advocate for increased global regulatory collaboration. In my viewpoint, it would be beneficial if the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) were to host joint roundtable discussions. The aim of these dialogues is to improve regulatory clarity, fostering a more transparent and efficient market environment.
A potential candidate for leading the CFTC that’s been mentioned recently is Summer Mersinger, as reported by Reuters in mid-November.
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2024-12-04 08:58