Dec 10, 2020 at 3:34 p.m.UTC Crypto Friendly CFTC Chairman Tarbert Intends to Resign ‘Early Next Year’
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert announced Thursday he would resign early in 2021.
The crypto-friendly regulator took office last year, and has overseen an expansion of regulated crypto products in the derivatives space, including ether futures contracts and bitcoin options products.In a public statement, he noted that ether was declared a commodity under his tenure.
“With the agenda I laid out last year now complete, the Commission can fully turn its focus to the unwritten future,” he said.
Tarbert did not provide a specific timeline for his departure, but he will leave as President-elect Joe Biden takes office after unseating incumbent President Donald Trump.Biden is already set to name a new Securities and Exchange Commission (SEC) Chair, after current Chair Jay Clayton announced he would depart at the end of 2020.
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