Policy / SEC and CFTC

Trump names two SEC and two CFTC commissioner nominees, the first for either agency in a year, including Democrat Kristin Johnson

The White House sent four commissioner nominations to the Senate on Thursday, filling empty seats at both of the agencies that police crypto markets, according to CoinDesk and TokenPost.

For the SEC, the nominees are Kristin Johnson, for the seat held by Caroline Crenshaw with a term ending June 5, 2029, and Steven Levine, for the seat held by Hester Peirce with a term ending June 5, 2030. For the CFTC, they are Nathan Anonick, for the seat held by Rostin Behnam with a term ending June 19, 2031, and Matthew Rowland, for the remainder of the term that ends April 13, 2028 in the seat held by Summer Mersinger, TokenPost reported.

CoinDesk described Johnson as a Democrat and former CFTC commissioner who left last year, said Anonick works on the Senate Agriculture Committee's majority staff, and said Rowland is a CFTC attorney detailed to that committee who once worked on Johnson's staff. It called the slate apparently bipartisan, and noted that Trump had not previously nominated any Democrats to either body.

The SEC currently has two commissioners, Chairman Paul Atkins and Mark Uyeda, and the CFTC has one, Chairman Mike Selig, CoinDesk said. The Senate Banking Committee must act on the SEC nominees and the Agriculture Committee on the CFTC nominees before full Senate votes, during a lame-duck session.

This story is reporting and analysis. It is not financial, legal or tax advice.