Former CFTC Chairmen: 'Possibility of Large Number of Crypto-Friendly Appointees Joining'

JH Kim

Summary

Former CFTC chairmen forecast that there is a high likelihood of a large number of crypto-friendly appointees joining.
It is expected that new commissioner appointments will take place between June and September, and that those with a positive view may join the commission.
The industry has noted that this CFTC personnel overhaul could have a significant impact on policy directions.

According to The Block, a leading U.S. media outlet specializing in virtual assets (cryptocurrencies), on the 2nd (local time), four commissioners of the U.S. Commodity Futures Trading Commission (CFTC) have recently either resigned or announced plans to resign. Former CFTC chairmen predict that there is a high possibility that crypto-friendly figures will join in large numbers in the future.

According to remarks from the former chairmen, the appointment of new commissioners is expected to take place between June and September, and there is analysis that personnel with a more positive view of the digital asset industry are likely to join the commission during this process.

Industry officials believe that this CFTC personnel overhaul, coinciding with changes in the virtual asset regulatory environment, could have a significant impact on future policy directions.

In particular, expectations are growing that the CFTC could take a more active role in interpreting the legal characteristics of digital assets as commodities.