The US CFTC will soon have only Acting Chair Caroline Pham in charge.

[The CFTC will soon be managed solely by acting chair Caroline Pham] The Commodity Futures Trading Commission (CFTC) Democratic Commissioner Kristin Johnson will resign on September 3, after which the CFTC will be reduced to just one person, acting chair Caroline Pham. Trump's nominee Brian Quintenz is still awaiting Senate confirmation, and his start date is uncertain. If Quintenz officially replaces Pham as chair, Pham plans to resign and return to the private sector. The CFTC is one of the main regulatory agencies for Crypto Assets in the United States, and having only one person on the commission may pose legal challenges to regulatory policies and increase uncertainty in industry regulation.

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