Caroline Pham, the acting chairman of the U.S. Commodity Futures and Trading Commission, has openly discussed an intention to leave the commission once she’s permanently replaced, people familiar with her plans have said, leaving significant questions about the future track of agency policy.
If President Donald Trump’s nominee for the chairmanship, former Commissioner Brian Quintenz, is confirmed by the Senate to take the job, the departure of Republican Pham could coincide with the planned exit of fellow Republican Commissioner Summer Mersinger to run the Blockchain Association.
Who’s left? The new Republican chairman — who served as a policy head for a16z after leaving the agency — would find himself alongside a single fellow commissioner: Democrat Kristin Johnson.
This leaves Quintenz with practical control of the agency’s agenda and staffing, because almost all of its employees will report to his office. But the CFTC could be hamstrung to make new policy as Congress is worki
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