CFTC exodus: Fourth commissioner to depart 'later this year'
Kristin Johnson, a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), has announced plans to resign before 2026, ahead of the end of her term which concluded in April. Johnson has served since March 2022, having been nominated by President Joe Biden. In her announcement, she reflected on her role with the Market Risk Advisory Committee, addressing challenges related to decentralized financial products and digital assets. Her departure may occur before President Trump nominates a successor, joining the exiting trend among CFTC commissioners, including Summer Mersinger and Christy Goldsmith Romero and acting Chair Caroline Pham, who are also transitioning to private sector roles. Johnson's exit indicates a potential complete turnover of CFTC leadership by 2026 under Trump’s influence, particularly in defining regulatory frameworks for digital assets alongside the SEC. The CFTC panel currently faces an empty seat following former chair Rostin Behnam's departure in February, and there have been no Senate confirmations for Quintenz, who was nominated to chair the agency.
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