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U.S. President Nominates New CFTC and SEC Leaders After Year-Long Gap
(3 hours ago) · 1 source · Summarized by CryptoBipto
The U.S. President has named nominees to lead the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) for the first time in approximately a year. The nominations come after a prolonged period without new leadership picks for the two key financial regulatory agencies. The nominees will need to be confirmed by the U.S. Senate before taking their positions.
WHY IT MATTERS
Think of the CFTC and SEC as two referees who oversee different parts of the financial playing field.
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SOURCES
- coindesk.com
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