The White House is considering additional CFTC Chair candidates as current nomination remains stalled

BlockBeats News, September 19th. According to sources familiar with the matter, the White House is considering additional candidates for the chairmanship due to a stalled confirmation process led by Brian Quintenz at the U.S. Commodity Futures Trading Commission (CFTC). Sources said that in recent weeks, a new list of potential CFTC leaders has emerged, and discussions are intensifying. These candidates may include government officials focusing on cryptocurrency policy. The sources requested anonymity because they were discussing personnel decisions.

Other reports suggest that Michael Selig, the Chief Advisor to the SEC's cryptocurrency special task force, is also among the candidates. He previously served as a partner in the asset management practice at Willkie Farr & Gallagher law firm. Tyler Williams, the digital asset policy advisor to Treasury Secretary Scott Bessent, is also seen as a candidate, having joined the Treasury after working at Galaxy Digital. The CFTC was supposed to have five members, politically balanced, but due to a series of resignations, only acting Chairman Caroline Pham, appointed by former President Biden, remains.