The president of the United States must nominate replacements for departing CFTC commissioners, and those nominees must be confirmed by the Senate to officially take office.

Claim

Quotes that support claims

Her departure could come before US President Donald Trump nominates a replacement and has them confirmed by a Senate majority.
Vacancies will need to be filled at the agency, which is done by the president and confirmed by the Senate.

Referenced by

Legal and operational challenges ahead

Crypto news

Data block