Ian McGinley, Enforcement Director of the U.S. CFTC, is about to leave. The CFTC may become the leading agency for digital asset regulation in the United States.

Recently, Ian McGinley, director of enforcement at the U.S. Commodity Futures Trading Commission (CFTC), announced that he would leave on January 17. He joined the agency in February 2023 and led enforcement actions against companies such as Binance, KuCoin, and Falcon Labs. In a statement announcing his resignation on January 17, Ian McGinley said that "making the CFTC the premier enforcement agency for digital asset enforcement" was listed as a top priority during his tenure. Trump's transition team has reportedly eyed a long list of potential CFTC heads, but has not acted as quickly as he did when he was at the top of the Securities and Exchange Commission. However, if cryptocurrency legislation progresses in 2025, the CFTC could replace the SEC as the dominant agency regulating the U.S. digital asset market. (Coindesk)