House committee leaders are pressing President Donald Trump to nominate replacements for vacant commissioners at the US Commodity Futures Trading Commission (CFTC). Both outlets say the CFTC is not fully staffed: Michael Selig is serving as chair and has been the agency’s sole commissioner since December, while four of the five commissioner seats remain empty. The lawmakers link their call to the ongoing progress of the CLARITY Act in the Senate, arguing that the commission needs full representation as the legislation advances.
The reports also note that there is no public statement from Trump indicating a plan to nominate additional CFTC commissioners. With the CFTC operating under a single commissioner, the vacancies raise questions about whether the agency can carry out its full range of responsibilities as policy changes are considered in Congress. The articles describe the House leaders’ efforts as an attempt to ensure the CFTC is staffed ahead of or alongside legislative developments tied to crypto and derivatives oversight under the CLARITY Act.
