President Trump yesterday nominated four individuals to the SEC and CFTC, marking the first Democratic appointees to those agencies in years.
The slate includes former CFTC Commissioner Kristin Johnson, a Democrat, and Republican Steven Levine for the SEC, while Nathan Anonick and Matthew Rowland, both with ties to the Senate Agriculture Committee, are nominated to the CFTC.
All four require Senate confirmation, with the Banking Committee set to review the SEC picks and the Agriculture Committee handling the CFTC nominees.
The nominations arrive during the lame-duck session after the November elections, and the expected chairmanship of the Banking Committee by Senator Elizabeth Warren, a critic of crypto, could shape their prospects.
The timing also coincides with stalled crypto market structure legislation, leaving the SEC and CFTC to set policy on their own.