ChainCatcher news, according to The Block, investment bank TD Cowen stated that President Biden's nomination of two leaders for the U.S. Commodity Futures Trading Commission (CFTC) could impact the agency's future approach to cryptocurrency.Last week, Biden nominated CFTC Commissioner Christy Goldsmith Romero to head the Federal Deposit Insurance Corporation (FDIC) and nominated Kristin Johnson as Assistant Secretary for Financial Institutions at the Treasury Department. Both commissioners have advocated for the agency to establish rules or guidelines to protect consumers and address conflicts of interest in cryptocurrency.If Romero and Johnson successfully take on their new roles, the CFTC will be left with Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, with Republicans holding a majority of seats.TD Cowen stated in a report on Monday that, given this change, the Biden administration will quickly fill these two vacancies. However, alternative candidates may not be confirmed until the fall.

ChainCatcher news, according to Bloomberg, informed sources have revealed that the White House is set to nominate Kristin Johnson, a Democratic commissioner of the Commodity Futures Trading Commission (CFTC), to the position of Assistant Secretary for Banking at the U.S. Department of the Treasury. This news is expected to be officially announced soon.If confirmed, Johnson will play a significant policy-making role at the Treasury, responsible for coordinating with other financial regulatory agencies (including banking institutions, the U.S. Securities and Exchange Commission, and the CFTC), developing legislation, and participating in the formulation of cybersecurity policies. Given the limited Senate schedule, it is uncertain whether Johnson will be confirmed before the end of the year. If Johnson leaves the CFTC, it could lead to a stalemate at the agency, affecting the progress of rule-making efforts.