Critical Appointment for Bitcoin and Altcoins is Expected! Here are 6 Possible Candidates to Replace CFTC Chairman!

in the past days Rostin Behnam, Chairman of the US Commodity Futures Trading Commission (CFTC) He announced that he would resign on January 20, the day Donald Trump takes office.

While Trump was expected to take office after his resignation announcement, crypto para industry is closely following Trump’s decision to appoint the next CFTC chairman.

at this point Donald Trump‘s transition team has allegedly interviewed at least six people for the CFTC chairmanship as part of Trump’s promise to deliver on his promise of a crypto-friendly regulatory environment.

Fox Business muhabiri Eleanor TerrettTrump’s transition team reviewed at least a half-dozen potential candidates to hone in, according to .

Accordingly, Trump’s transition team has met with CFTC member Summer Mersinger, Andreessen Horowitz’s crypto policy chief Brian Quintenz, and Kraken’s former chief legal officer Marco Santori in recent weeks.

Apart from these names, it was stated that the team also met with Republican Commissioner Caroline Pham, as well as lawyers Neal Kumar and Josh Sterling, who previously served in senior positions at the CFTC.

While Trump will make the final decision on the CFTC chair, two policy experts who spoke to FOX Business said Brian Quintenz and Summer Mersinger are the “most likely candidates” for the CFTC chair.

Why is the CFTC Presidency Important?

Experts state that the election of the CFTC president may be the most important election for the cryptocurrency industry.

Under Trump, the CFTC could, if Congress allows, take on a major role in regulating the $3.5 trillion crypto market, including oversight of the spot market for certain digital assets for which the regulatory environment for Bitcoin and Ethereum is uncertain.

The CFTC, which has overseen nearly $500 trillion in foreign exchange and financial derivatives trading in recent years, has been competing with another major regulator, the SEC, in regulating the crypto market.

As it is known, Trump will resign as SEC chairman. Gary GenslerHe appointed several industry-friendly candidates to key management positions, including pro-crypto figure Paul Atkins to replace Paul Atkins and Bitcoin supporter Scott Bessent as Treasury Secretary.

*This is not investment advice.