• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Rostin Benham and his role in the CFTC

Rostin Benham and his role in the CFTC

user avatar

by dapp_writer005

2 years ago


Rostyn Benham was sworn in as the 15th Chairman of the CFTC on January 4, 2022, following unanimous confirmation from the US. President Biden appointed Chairman Benham to lead the agency. Contents:

Who is Rostin Benham?

Previously, Chairman Benham served as commissioner of the CFTC since September 2017. The members of the Commission elected Commissioner Benham as Acting Chairman effective 21 January 2021. Since joining the CFTC, the Chairman, individually and as sponsor of the CFTC Market Risk Advisory Committee (MRAC), has advocated for the CFTC to use its authority and expertise to ensure that derivatives markets operate transparently and fairly for members and clients. And also, responsibly innovate to meet the challenge of emerging market structures and products.

Through MRAC's sponsorship, Chairman Behnam brought together leading market experts and community groups to engage in public dialogue on topical issues such as global interest rate reform, risk and central counterparty (CCP) management, and emerging market structures.

Benham led the creation of a subcommittee on climate-related market risks to study the impact of climate on the financial system. One of his first acts since leading the commission was to create the first-ever Climate Risk Unit (CRU) to support the agency's mission. It focused on the role of financial derivatives in the transition to a low-carbon economy. The CRU, made up of staff from the CFTC's operating divisions and offices, represents the agency's next step in response to what has become a global call to action to combat climate change.

Rostin's career ladder

After graduating from university, Behnam returned to his home state of New Jersey and joined the Bureau of Securities at the State Attorney General's Office. After working for the Bureau, he practiced law in New York. Chairman Behnam's primary duties included advising Senator Stabenov on the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related matters, affecting the Treasury Department and the Securities and Exchange Commission. After graduating from Georgetown University, Chairman Behnam worked as a stock trader in New York City before earning his doctorate in law from Syracuse University. During his legal studies, he interned at the CFTC Law Enforcement Division.

Description of CFTC

The mission of the CFTC (Commodity Futures Trading Commission) - to promote the integrity, soundness and dynamism of the US derivatives markets through sound regulation. The commission consists of five commissioners, appointed by the president with the advice and consent of the Senate to serve in a staggered manner for a five-year term. The president, with the consent of the Senate, appoints one of the commissioners as chairman. No more than three commissioners can be from the same political party at the same time. In the absence of a Senate-approved chair, the Commission will vote to elect one of the current commissioners as acting chair. Rostin Benham is among the commissioners.

0

Share

Other articles

LoveTap Token is an innovative Telegram game for earning tokens

LoveTap Token is a simple and addictive Telegram game where you can earn real tokens by tapping on the screen. It is ideal for users interested in cryptocurrency.

user avatarMax Nevskyi

5 hours ago

Space Rush: Exploring the Galaxy in A New Game Hit

​Space Rush combines the dynamic gameplay of a space shooter with the ability to own digital assets, offering players a unique space exploration experience and real rewards for gaming achievements.

user avatarMax Nevskyi

19 hours ago

Pixel Race Club: Immerse yourself in the world of pixel racing

Pixel Race Club is a unique racing game with retro pixel graphics and blockchain. It combines dynamic driving with the ability to own and exchange NFT cars, attracting gamers and collectors.

user avatarMax Nevskyi

a day ago

Polyton: Immersion in the world of blockchain games

In recent years, video games have been actively using blockchain, opening up new opportunities for players to interact and earn money. One of these projects is Polyton, which combines gameplay and blockchain.

user avatarMax Nevskyi

a day ago

Exploring Metacube: A New Era in Blockchain Gaming

Discover how Metacube is transforming blockchain gaming by offering players true digital ownership and immersive experiences on the Starknet platform.

user avatarElena Ryabokon

a day ago

Tonagotchi – A New Era of Blockchain-Based Virtual Pet Games​

Tonagotchi is a blockchain-based game that combines the nostalgia of virtual pets with NFT and cryptocurrency technologies, allowing players to care for digital creatures and earn tokens.​

user avatarElena Ryabokon

2 days ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.