Christy Goldsmith Romero, one of the four commissioners of the Basic Products Trade Commerce Commission, will start from the Federal Regulator at the end of the month, announced Friday.
Goldsmith Romero joins his companion Commissioner Summer Mersinger, who announced earlier this week that it would go on May 30 after being named the next CEO of the Blockchain association, a lobbying group based in Washington, DC for the cryptographic industry.
In a statement, Goldsmith Romero said that the derivative markets, which supervises the agency, “experienced significant growth while remained resistant and financially stable through times of market stress and volatility” during their time in the commission.
“I also want to recognize the members of the CFTC Technology Advisory Committee, which I sponsored, for their historical reports and public forums on issues of Future of Finance,” he said. “… Under my sponsorship, TAC published historical reports on the RESPECT in the financial markets and on decentralized finances, and public forums sponsored on AI, cybersecurity, blockchain, digital identity and digital assets.”
The interim president Caroline Pham will also leave, Coindesk reported earlier this week. Pham has told the people that he would leave after former commissioner Brian Quininz, the election of President Donald Trump to direct the agency, is confirmed by the Senate.
Goldsmith Romero had previously announced his CFTC departure, he also tied it to Quintenz confirmation. However, the Senate Agriculture Committee has not yet scheduled a confirmation hearing for Quintenz. After that hearing, the committee would need to schedule a vote. Quintenz would need to be confirmed by the majority of the complete Senate, and only then would it be a jury.
The game of Goldsmith Romero on May 31 will leave the CFTC with only two commissioners, and that number will probably remain static after the confirmation of Quintenz until Trump Nomine up to three more commissioners (two Republicans and a Democrat) to occupy the empty seats.
