Christy Goldsmith Romero, a commissioner at the US Commodity Futures Trading Commission (CFTC), has announced her impending resignation effective May 31. This will result in three vacant seats at the financial regulatory institution.
In a statement released on May 16, Romero confirmed her departure from the agency, which will occur sooner than anticipated if the Senate approves ex-commissioner Brian Quintenz as the new chair. Romero’s exit will happen just a day after Commissioner Summer Mersinger is scheduled to leave her position to assume the role of CEO at the crypto advocacy organization, the Blockchain Association.
Romero expressed gratitude for her tenure, stating, “It has been a tremendous honor to conclude my 23 years of federal service at an agency with such an important mission to ensure that financial markets perform their critical role in the US and global economies.”
With the impending departure of Romero and Mersinger, only two Senate-confirmed members will remain in the CFTC: acting chair Caroline Pham and Commissioner Kristin Johnson, who hold one Republican and Democratic seat respectively. This change in leadership provides an opportunity for President Donald Trump to nominate two more commissioners once Quintenz’s nomination has been addressed by the Senate.
As this story continues to unfold, more details will be provided as they become available.
