CFTC Chair Rostin Behnam, a Democrat appointed by Trump, will step down on Inauguration Day and leave the agency in February. Trump is expected to name Caroline Pham or Summer Mersinger, both Republican commissioners, as acting chair. Other potential candidates for the position include Jill Sommers, Josh Sterling, and Brian Quintenz. The CFTC has gained importance in cryptocurrency regulation in recent years, but currently lacks explicit authority over crypto derivatives markets. Behnam advocated for more CFTC authority. The CFTC was involved in a settlement agreement with Binance in 2023. Pham and Mersinger have dissented from other commissioners on crypto enforcement actions.



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