• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trump's Team Discusses CFTC Chair Candidates

user avatar

by Giorgi Kostiuk

a year ago

President Trump's team is considering candidates for the position of Chair of the Commodity Futures Trading Commission (CFTC).

Candidates for CFTC Chair

Trump's team is reviewing potential candidates for the CFTC Chair, including current and former officials. Summer Mersinger is a prominent contender, advocating for a more accommodative stance towards cryptocurrencies. Other candidates include former commissioner Jill Sommers and Josh Sterling.

It was my hope that one day soon the commission would consider rulemaking, or at the very least guidance, making clear how DeFi protocols could comply with them.

Impact on the Crypto Industry

Trump's election victory has bolstered the cryptocurrency market. Changes in CFTC leadership could further support the industry's development in the U.S. Interest in S&P 500 and Coinbase has risen amid these developments.

Market Reaction to Trump's Victory

Following Trump's victory, Coinbase shares rose over 20%, reflecting expectations of reduced regulatory pressure. The potential appointment of a new CFTC Chair is seen as a positive signal for the industry.

Potential appointments in U.S. financial regulators could significantly impact the growth of the crypto industry. The choice of CFTC Chair may determine future regulatory changes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Capital Flow in Cryptocurrency Market Shifts Towards Bitcoin Infrastructure

chest

The cryptocurrency market is witnessing a significant shift in capital flow, with investors moving towards Bitcoin infrastructure projects.

user avatarTando Nkube

XRP Market Dynamics Show Divergence Amid Price Drop

chest

XRP's price has dropped significantly, but on-chain data shows an increase in wallet addresses, indicating long-term accumulation.

user avatarKofi Adjeman

Meme Coin Investor Shares Successful DCA Strategy with SPX

chest

A meme coin investor named Maddox shares his successful dollar-cost averaging (DCA) strategy with SPX, showing how consistent buying can reduce drawdowns in a down market.

user avatarSatoshi Nakamura

Canada Implements New Crypto Custody Rules

chest

The Canadian Investment Regulatory Organization (CIRO) has introduced an interim Digital Asset Custody Framework to enhance oversight of crypto assets on trading platforms.

user avatarNguyen Van Long

CFTC Rescinds Proposal, Opens Door for Political Betting Contracts

chest

The Commodity Futures Trading Commission (CFTC) has rescinded the Bidenera proposal, allowing contracts for political contests, gaming, and war, marking a shift towards free market principles.

user avatarJesper Sørensen

Bhutan's Sovereign Wealth Fund Moves $22 Million in Bitcoin

chest

The Royal Government of Bhutan's Druk Holding Investments has deposited approximately $22 million worth of Bitcoin into exchange deposit addresses.

user avatarRajesh Kumar

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.