The White House is weighing more candidates for CFTC chairs as existing nominations stall

BlockBeats News, on September 19, people familiar with the matter revealed that the White House is weighing more chair candidates as confirmation procedures for the U.S. Commodity Futures Trading Commission (CFTC) led by Brian Quintenz are stalled. Discussions are heating up in recent weeks, people familiar with the matter said. These candidates may include government officials focused on cryptocurrency policy. People familiar with the matter asked not to disclose their identities because they were discussing personnel decisions. It is also reported that Michael Selig, chief consultant of the US SEC cryptocurrency task force, is also among the candidates, and he was a partner in the asset management business of Willkie Farr & Gallagher Law Firm. Tyler Williams, a digital asset policy advisor to Tyler Williams, who was also seen as a candidate, worked at Galaxy Digital before joining the Treasury. The CFTC should have been composed of five people and a balanced party, but due to a series of resignations, only Caroline Pham, the acting chairman appointed by former President Biden.