Biden Picks CFTC Commissioner to Lead FDIC

IconCryptoNewsTerminal Staff12 Jun, 2024

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Biden Picks CFTC Commissioner to Lead FDIC

Biden Selects Christy Goldsmith Romero to Lead FDIC President Joe Biden is expected to name Christy Goldsmith Romero, a current commissioner of the Commodity Futures Trading Commission (CFTC), as the next chair of the Federal Deposit Insurance Corporation (FDIC), according to The New York Times. Biden's decision reflects Romero's expertise in areas closely aligned with the FDIC's work. Romero's nomination will initiate a confirmation hearing process. The outgoing FDIC Chairman Martin Gruenberg, a vocal critic of cryptocurrencies, has announced his resignation following a report highlighting sexual harassment and discrimination within the agency.

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