Trump eyes crypto advocates for CFTC Chair role
As President-elect Donald Trump continues the appointments for his administration, three names are reported to be highly considered to chair the Commodity Futures Trading Commission (CFTC).
According to a report from FOX Business, Perianne Boring, Summer Mersinger, and Caroline Pham are the front-runners being considered to lead the CFTC.
The agency could soon have greater powers over the cryptocurrency industry as the incoming President was reported as potentially wanting to grant the CFTC oversight of a significant portion of the $3 trillion digital asset industry.
FOX Business sources people familiar with the selection process and states “one of the leading contenders for the role is Perianne Boring.”
The entrepreneur has spoken out about her support for digital assets and she was seen in a TV interview saying people had perhaps underestimated the power of crypto at the polls. She was even named as one of the ‘10 Most Influential People in Blockchain’ by CoinDesk.
The SEC needs a leader with market expertise to fix the damage caused by Gary Gensler. It will take a true public servant to restore the SEC’s integrity and reputation. https://t.co/NN5cUHx0Nz
— Perianne (@PerianneDC) November 21, 2024
Boring is the founder and CEO of The Digital Chamber which is the world’s largest trade association representing the blockchain industry. On the website, it states the mission is to “promote the acceptance and use of digital assets and blockchain-based technologies.”
As Trump decides on future CFTC chair, three names are said to be in the runningThe other possible contender for the position is Caroline Pham who is an attorney who currently serves as a commissioner of the CFTC.
I’m a Commissioner!! It’s official 
@CFTC pic.twitter.com/qXzGXRf1ix
— Caroline D. Pham (@CarolineDPham) April 14, 2022
She has previously called for more international regulatory cooperation. It was in 2023 when she proposed a time-limited pilot program to regulate digital asset markets and tokenization. Her experience in financial regulation is vast.
Summer Mersinger is also an attorney who serves as a commissioner of the CFTC. She was first nominated by President Biden to serve as a commissioner and was then unanimously confirmed by the Senate.
In the past, she has called for crypto policy reform.
While the date of the appointment isn’t yet known, it’s expected that Trump will release his nomination for the chair soon.
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