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White House may appoint Jill Sommers or Kyle Hauptman as new CFTC Chairman

Summary: According to crypto journalist Eleanor Terrett, sources revealed that the White House is considering appointing former CFTC Commissioner Jill Sommers and National Credit Union Administration (NCUA) Chairman Kyle Hauptman as the new CFTC Chairman. It is reported that both individuals have a supportive stance towards cryptocurrencies. Prior to this, due to Brian Quintenz's nomination being ...

According to crypto journalist Eleanor Terrett, sources revealed that the White House is considering appointing former CFTC Commissioner Jill Sommers and National Credit Union Administration (NCUA) Chairman Kyle Hauptman as the new CFTC Chairman. It is reported that both individuals have a supportive stance towards cryptocurrencies.

Prior to this, due to Brian Quintenz's nomination being blocked, the White House has restarted the review of candidates for CFTC Chairman, with other candidates including Mike Selig from the SEC, Tyler Williams from the Treasury Department, and Josh Sterling from Milbank Law.

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