Summary
- The White House said it had asked for Democratic-recommended candidates to fill vacancies at the SEC and CFTC, but had not received any names.
- The letter was sent as the Senate prepares to take up the Clarity Act, a digital-asset market structure bill.
- Bipartisan calls are growing to quickly appoint opposition-party commissioners to vacant seats at the SEC and CFTC.
Forecast Trend Report by Period
The White House pushed back on Democratic claims that the Trump administration is refusing to nominate Democratic commissioners to independent regulatory agencies.
Eleanor Terrett, host of CryptoAmerica, reported on July 9 that the White House told Senate leadership in a letter it had asked for Democratic-recommended candidates to fill vacancies at the Securities and Exchange Commission and the Commodity Futures Trading Commission but had not received any names.
The letter comes as the Senate prepares to take up the Clarity Act, a digital-asset market structure bill. It also arrives amid growing bipartisan calls to quickly appoint opposition-party commissioners to vacant seats at the SEC and CFTC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.