CFTC to Dwindle to Two Members After Goldsmith Romero Departure

Description

The CFTC will shrink to just two commissioners after Christy Goldsmith Romero’s departure at the end of May, raising concerns over decision-making delays.

Publish date

May 16, 2025

Publisher

Bloomberg

Web URL

https://www.bloomberg.com/news/articles/2025-05-16/cftc-to-dwindle-to-two-members-after-goldsmith-romero-departure

Referenced by

Christy Goldsmith to leave CFTC

Crypto news

News story

The five-person Commodity Futures Trading Commission will soon be down to just two members, after Commissioner Christy Goldsmith Romero announced plans to leave the agency at the end of the month.

Crypto news

Quote

However, federal open-meeting laws make it more difficult for the two remaining members to meet one on one to discuss commission business outside of official meetings. While agency operations such as market surveillance aren’t affected by a two-person commission, matters that require a vote — such as approving an agency budget or enforcement actions — could be stymied if the two remaining members can’t come to agreement, Davis said.

Crypto news

Quote