Trump transition team has vetted at least six potential CFTC nominees

Odaily reports that Trump's transition team has reviewed at least six potential candidates for the CFTC. Under Trump's leadership, the CFTC may play a greater role in regulating the $3.5 trillion cryptocurrency market, including (if Congress allows) the regulation of the spot markets for certain digital assets such as and , whose regulatory environment remains unclear. In recent years, the CFTC has been responsible for regulating about $500 trillion in currency and financial derivative transactions, and has been in fierce competition with the SEC over the regulation of the cryptocurrency market. Due to the perception that the CFTC's regulation is relatively light, the industry generally tends to see it as the primary regulatory authority. Under the leadership of Gary Gensler, the SEC has launched a comprehensive crackdown on US cryptocurrency companies, causing industry dissatisfaction. (FOX Business)