Biden Nominates CFTC Commissioner for Senior Positions at FDIC and Treasury Department

Two Democratic CFTC commissioners are urging the agency to issue rules or guidance to protect consumers and address conflicts of interest in the cryptocurrency space. Romero has warned of “contagion risks” in the cryptocurrency market, comparing the industry to the 2008 financial crisis. Romero also sponsors the CFTC’s Technology Advisory Committee, which earlier this year voted to submit a report to the commission calling for government and industry efforts to understand decentralized finance.