Former CFTC Chairman Rostin Behnam has stepped down, and Trump has not yet nominated his successor

ChainCatcher news, according to Cointelegraph, Rostin Behnam served as the chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2021 to 2025. He has stepped down from his position as a commissioner of the financial regulatory agency without having received a nomination for a potential successor from President Donald Trump.

Behnam stated that February 7 will be his last day at the CFTC after nearly eight years in both commissioner and regulatory agency chairman roles. On January 7, Behnam announced that he would step down as chairman on the day of Trump's inauguration, paving the way for the CFTC to elect Caroline Pham as acting chair.

Since taking office on January 20, Trump has not announced any potential candidates to replace Behnam, resulting in a split within the five-member commission between Republicans and Democrats. Reports indicate that the U.S. president is considering nominating former CFTC commissioner Brian Quintenz, but as of the time of publication, the White House has not made any official announcements. Under Pham's leadership as acting chair (having been in office for less than 30 days), the CFTC announced it would end its practice of regulation through enforcement and realign its priorities.