Analysis: The return of former CFTC official Amir Zaidi as chief of staff may be a boon to the crypto market.

The U.S. Commodity Futures Trading Commission (CFTC) announced that Amir Zaidi, a key policymaker who oversaw the launch of regulated Bitcoin futures in the U.S., has returned to the CFTC as Chief of Staff after a six-year absence. CFTC Chairman Michael Selig emphasized Zaidi's extensive experience, noting his crucial role in the launch of CFTC-regulated Bitcoin futures contracts during Trump's first term. Selig stated that as Congress prepares to submit legislation on digital asset market structure to the president, Zaidi will provide the CFTC with experience and expertise in developing regulations applicable to the rapidly evolving commodity markets. Zaidi held multiple positions at the CFTC from 2010 to 2019. In his final two years, he served as Director of Market Oversight, overseeing and facilitating the establishment of a regulated Bitcoin futures market in the U.S. (Cointelegraph)