President-elect Donald Trump is considering appointing Perianne Boring, chief executive of the Chamber of Digital Commerce, as chair of the Commodity Futures Trading Commission (CFTC).
According to a new report from Fox Business, anonymous sources familiar with the matter say Trump is considering Boring to take over the reins of the regulatory agency, in part because of her ability to be confident and telegenic in presenting financial topics to the public .
Other top candidates for the job include Summer Mersinger and Caroline Pham, both of whom currently serve as commissioners for the CFTC, as well as Jill Sommers, a former commissioner of the agency who currently serves as head of the derivatives practice group at Patomak Global Partners. , the report said.
Neal Kumar, former special counsel to the CFTC and current co-head of the commodities and derivatives practice at Willkie Farr and Gallagher, is also in the running.
Earlier this year, the Chamber of Commerce — with Boring at the helm — argued that Democratic lawmakers, Senators Elizabeth Warren and Sherrod Brown, were trying to crush the crypto industry by proposing bills to make it comply with the same anti-money laundering laws that apply. to traditional finance.
At the time, Boring wrote a letter to Brown asking him to destroy the bill.
Last year, Boring predicted that Bitcoin (BTC) would have a price tag of $1 million by 2029 if its adoption continued at its current pace. According to the CEO, a combination of a spike in demand and a lack of supply will push the crypto king to higher prices in the coming years.
Bitcoin is trading at $94,944 at the time of writing, down marginally over the past 24 hours.
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