Bloomberg named the applicant for the post of head of CFTC

US Presidential Administration Joe Biden plans to appoint Rostin Benam as chairman of the Urgent Exchange Trade Commission (CFTC). This is written by Bloomberg with reference to unnamed sources.

Currently, Benam temporarily acts as the head of the regulator. According to the interlocutors of the publication, the appointment will be announced “in a few weeks”.

Earlier, Benam admitted that cryptocurrencies “will become part of the economic practice of any country,” and will also help in reducing poverty and corruption. In his opinion, the industry is necessary for a balanced regulation.

In January 2021, the post of chairman of CFTC left the hit Tarbert. Under his leadership, the department approved the definition of cryptocurrency delivery to the buyer, announced a competition for the creation of tools to track unregistered offers of derivatives, and also announced the development of comprehensive regulation of digital assets.

In 2019, Tarbert said that cryptocurrencies do not threaten the financial system, unlike global https://gagarin.news/ stablecoin. Later, the official urged to speed up the legalization of cryptocurrencies, and in matters of regulation to be guided by wider principles.

Recall that the media was called the main contender for the post of chairman of CFTC Academician Georgetaun University Chris Brammer.