CFTC Chair Rostin Behnam to Resign Ahead of Trump's Inauguration

In Brief:

CFTC Chair Rostin Behnam announced his resignation, effective February 7, after Trump’s inauguration on January 20.

Behnam is the latest crypto-skeptic regulator to step down as pro-crypto leadership prepares to take over.

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CFTC Chair Rostin Behnam has announced his resignation, effective February 7, 2025, following the inauguration of President-elect Donald Trump. Behnam, a key figure in overseeing derivatives markets, including crypto futures, will leave amid a broader reshuffling of U.S. financial regulators.

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In his statement, Behnam reflected on his tenure, highlighting the strengthened resilience of financial markets under his leadership. During his time as CFTC Chief, he pushed for regulatory clarity in crypto derivatives and stricter oversight of spot cryptocurrency markets.

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His departure marks a significant shift as the incoming administration is expected to prioritize pro-crypto policies. Reports suggest Trump may nominate one of the Republican CFTC Commissioners, Summer Mersinger or Caroline Pham, to succeed Behnam.

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Behnam’s exit follows the announced resignations of other Biden-appointed regulators, including SEC Chair Gary Gensler, signaling a changing regulatory landscape under the new administration.

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