Michaela
President-elect Donald Trump is reportedly considering several candidates for the position of Chair of the Commodity Futures Trading Commission (CFTC), with Perianne Boring emerging as a leading contender.
Trump is actively evaluating potential nominees for key positions across his administration, including leadership of the CFTC. His transition team is said to be considering several candidates to helm the agency, which is expected to play a major role in shaping regulatory policies for cryptocurrencies and the broader digital assets sector.
According to Fox Business, sources with knowledge of the selection process have stated that Perianne Boring is a top pick for the position.
As the founder and CEO of The Digital Chamber — arguably the world’s largest blockchain industry trade association — Perianne Boring brings a wealth of experience in finance and media to her work in advocating for the blockchain and cryptocurrency sectors.
A source shared that Boring’s experience as a TV anchor, where she hosted a show focused on international finance, is seen as an asset by the Trump transition team. Her ability to present complex financial topics in an engaging and clear manner makes her a strong communicator, a quality that could prove invaluable in leading the CFTC.
Related: Hong Kong Proposes Rules Allowing Insurers to Invest in Crypto
Although Perianne Boring is seen as the leading candidate for the role, other individuals are also under consideration for the position, with multiple names still in the running.
Current CFTC Commissioner Caroline Pham is reportedly being considered for the role of Chair. Pham, confirmed by the Senate in 2022 as a CFTC commissioner, brings over two decades of expertise in financial regulation, advising regulators, industry leaders, and policymakers.
Summer Mersinger, a current CFTC commissioner, is also reportedly being considered for the role of Chair. Mersinger has gained recognition for her expertise in cryptocurrency-related matters. She has advocated for the development of clear regulatory guidelines for the crypto industry and has defended firms facing enforcement actions.
Related: US Lawmakers Propose Tax Breaks for Small Stablecoin Payments and Staking
Trump Team Favors CFTC Over SEC
The U.S. Securities and Exchange Commission (SEC) has held broad authority over the cryptocurrency space, leading to various enforcement actions and creating significant regulatory uncertainty for businesses and investors within the industry.
However, reports suggest that the Trump administration may prioritize the CFTC over the SEC in directing the future of cryptocurrency regulation.
The move could signal a shift towards a more industry-friendly approach, with proponents of the CFTC taking a leading role in overseeing digital assets.
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
