White House nominates four to SEC and CFTC as CLARITY Act stalls

On November 12, the White House nominated four candidates to fill vacancies at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). As of Friday, the SEC only had two commissioners and the CFTC had one commissioner. The nominees are introduced at a time when the CLARITY Act is still stuck in Congress. All four nominees must get Senate approval before they can take office. The announcement itself does not change anything in crypto regulations that are already in place, and there is no reported market activity due to the nomination announcements. A bipartisan slate, with three seats still open The White House slate includes Nathan Anonick and Matthew Rowland for the CFTC, alongside Kristin N. Johnson and Steven Levine for the SEC.

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