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White House Reconsiders CFTC Chair Nomination Amid Crypto Regulation Concerns
White House Reconsiders CFTC Chair Nomination Amid Crypto Regulation Concerns
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BTCCSquare news:
The Biden administration is reevaluating its nomination for chair of the Commodity Futures Trading Commission following political resistance to candidate Brian Quintenz. The stalled confirmation process threatens to delay critical rulemaking for digital asset markets at a time when regulatory clarity is urgently needed.
Market participants view the CFTC leadership vacuum as creating uncertainty for cryptocurrency derivatives and spot markets alike. The agency's delayed rulemaking capacity comes as Congress debates multiple bills that would expand its jurisdiction over digital assets.
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