🚀 CFTC IS ABOUT TO HAVE ONLY 1 COMMISSIONER – THE AGENCY REGULATING CRYPTO IS IN TROUBLE

🟢 Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission (CFTC) on September 3rd, leaving the agency that originally had 5 seats with only Acting Chair Caroline Pham – a supporter of crypto.

🟢 President Donald Trump has nominated Brian Quintenz (former commissioner, who worked at a16z) as the new chair, but the confirmation process has been delayed. If Quintenz takes over, Pham is expected to depart, leaving the CFTC with only one member.

🟢 This move raises concerns about the legality and operational capability of the largest derivatives and crypto market oversight agency in the US, as the traditional bipartisan balance is disrupted.

➡️ Will the CFTC take a tougher stance on crypto, or will it fall into a deadlock with only 1 executive commissioner?