President Joseph R. Biden sent nominations to the Senate to fill key regulatory positions.
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The Senate confirmed Rostin Behnam as Chair of the CFTC. President Joseph R. Biden will nominate Summer Mersinger and Caroline Pham to serve as CFTC commissioners.
Ripple advocated for regulators' use of existing frameworks for the regulation of cryptocurrencies.
Coinbase submitted an application to the NFA to register as a futures commission merchant in order to offer cryptocurrency futures and derivatives trading on the company's exchange platforms.
President Joseph R. Biden will nominate CFTC Commissioner Rostin Behnam to serve as the new CFTC Chair. He also named new nominees to serve as Commissioners on the CFTC and FTC.