CFTC Leadership Exits Amidst Crypto Regulatory Shift

A major shake-up awaits the Commodity Futures Trading Commission (CFTC) as its four current commissioners have either resigned or announced plans to step down, marking a rare instance of complete leadership turnover. This shift coincides with Congress pushing for the passage of landmark legislation that will formally define the CFTC’s role in regulating crypto markets. The bill requires digital commodity exchanges to register with the agency, potentially placing it alongside the Securities and Exchange Commission (SEC) as a key player in shaping crypto regulations. Backed primarily by Republicans, the bill also enjoys bipartisan support from Reps. Ritchie Torres, Angie Craig, and Don Davis. ]