NEW YORK (Reuters) -Democratic commissioner Christy Goldsmith Romero said in a statement that she plans to step down from the Commodity Futures Trading Commission after Trump appointee Brian Quintenz is confirmed to lead the agency.
Trump earlier this month nominated Quintenz, a former commissioner and crypto proponent, to replace Goldsmith Romero, who joined the five-person commission in March 2022 as an appointee of former President Joe Biden.
Goldsmith Romero, who last year had been tapped by the White House to lead the troubled Federal Deposit Insurance Corporation, has been a longtime official in various agencies and roles who advocated for strong policing of markets and fighting against fraud. She previously was the Special Inspector General for the Troubled Asset Relief Program.
Her FDIC nomination expired as Republican President Donald Trump took office.
At the CFTC, she pushed to require companies to admit wrongdoing when settled enforcement actions and led the drafting of the CFTC’s first proposed rule for cyber resilience for banks and brokers.
(Reporting by Chris Prentice)
Brought to you by www.srnnews.com
