White House Considers New CFTC Leadership Amid Confirmation Delays

According to BlockBeats, the White House is evaluating additional candidates for the chairmanship of the U.S. Commodity Futures Trading Commission (CFTC) due to stalled confirmation procedures under Brian Quintenz's leadership. Sources indicate that a new list of potential CFTC leaders has emerged in recent weeks, with discussions intensifying. These candidates may include government officials focused on cryptocurrency policy. The sources requested anonymity due to the sensitivity of personnel decisions. Additionally, Michael Selig, the chief advisor to the SEC's cryptocurrency task force, is reportedly among the candidates. Selig previously served as a partner in asset management at Willkie Farr & Gallagher. Tyler Williams, digital asset policy advisor to Treasury Secretary Scott Bessent, is also considered a candidate. Williams joined the Treasury after working at Galaxy Digital. The CFTC is intended to have five members with a balanced party representation, but following a series of resignations, only Caroline Pham, appointed by former President Biden, remains as acting chair.