Outgoing US Commodity Futures Trading Commission commissioner Kristin Johnson will leave the regulator next week, after stating earlier this year she’d depart before 2026. Johnson highlighted her work on cyber threats and AI integration in financial markets. She joined in March 2022 as the sole Democrat commissioner. Source: CFTC

Johnson’s exit will leave the CFTC with a nearly empty panel, potentially slowing crypto market regulation. Acting Chair Caroline Pham will head the agency until Brian Quintenz is confirmed. Johnson emphasized the need for CFTC staff support and investments to navigate market changes. She stressed the importance of growth with market stability.

Vacancies at the CFTC could hamper regulatory work, particularly in crypto oversight. The agency’s first “crypto sprint” statement in August aimed for regulatory clarity in collaboration with the SEC. A single commissioner can advance rulemakings and oversee activities under the Commodity Exchange Act. Now, only Caroline Pham remains confirmed. Source: CFTC

Trump’s nominee for CFTC chair, Brian Quintenz, faces confirmation delays after the White House intervened in late July. Crypto advocacy groups support his confirmation for the agency to fulfill its crypto goals. Quintenz previously served as a CFTC commissioner under Trump from 2017 to 2021. Gemini co-founders pressed Trump to reconsider his nomination. Source: CFTC

Read more at Cointelegraph: Kristin Johnson to Exit CFTC Next Week