Source: The White House is considering more candidates for CFTC chairs as existing nominations stall

According to Bloomberg, sources said the White House is considering more chair candidates as confirmation processes for the U.S. Commodity Futures Trading Commission (CFTC) led by Brian Quintenz are stalled. 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. Discussions are heating up as a new list of potential CFTC leaders surfaced in recent weeks. These candidates may include government officials focused on cryptocurrency policy. Some people said Michael Selig, chief consultant to the US SEC cryptocurrency task force, was among the candidates and 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 considered a candidate, worked at Galaxy Digital before joining the Treasury Department.