The U.S. CFTC enforcement director is about to leave, and the CFTC may become the leading regulatory authority for digital assets in the U.S

ChainCatcher news, according to CoinDesk, Ian McGinley, the Enforcement Director of the Commodity Futures Trading Commission (CFTC), announced he will resign on January 17. He joined the agency in February 2023 and led enforcement actions against companies such as Binance, KuCoin, and Falcon Labs. In a statement announcing his resignation on January 17, Ian McGinley stated that "making the CFTC the primary enforcement agency for digital assets" was a top priority during his tenure.

Reports indicate that Trump's transition team has set its sights on a long list of potential CFTC leaders, but has not acted as swiftly as it did during appointments at the Securities and Exchange Commission. However, if cryptocurrency legislation progresses in 2025, the CFTC may replace the SEC as the dominant regulator of the U.S. digital asset market.