The Block Crypto News22 minutes ago

Published on June 13, 2024 19:49 GMT+00:00edited on June 13, 2024 19:54 GMT+00:00

U.S. President Joe Biden tapped the Commodity Future Trading Commission's Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation and Kristin Johnson to a top role at the Treasury Department, according to a statement released from the White House on Thursday.

Both Democratic CFTC commissioners have pushed the agency to issue rules or guidance to protect consumers and address conflicts of interest in crypto. Romero has warned of "contagion risk" in crypto markets, drawing comparisons to the industry and the financial crisis in 2008. Romero also sponsors the CFTC's Technology Advisory Committee, which voted earlier this year to submit a report to the commission calling on the government and industry to work to understand decentralized finance.

CFTC Commissioner Kristin …