Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

Bitcoin and other cryptocurrencies are officially now a commodity per the  Commodity Futures Trading Commission - CFTC

United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was called the sponsor of the firm’s Market Risk Advisory Committee (MRAC) on Tuesday. She changed CFTC chair Rostin Behnam because function.

CFTC commissioner Kristin Johnson to sponsor agency's Market Risk Advisory  Committee

Johnson was chosen to be a CFTC commissioner by U.S. President Joe Biden in September 2021, concurrent to the elections of commissioner Christy Goldsmith Romero and acting chairman Behnam as the irreversible chair. Johnson was sworn in on March30 She moved into the position after investing over a years as a law teacher. Johnson is the author of scholastic documents in which she has promoted for more stringent controls over cryptocurrency. Johnson stated in a declaration:

” Having invested my profession in danger management oversight, I value the MRAC’s substantial and vital function in recommending the Commission on threat management in our markets consisting of the emerging decentralized market structures in digital possession or cryptocurrency markets that might not depend on intermediation.”

Sponsorships were allocated amongst the 5 CFTC commissioners Tuesday for 5 out of the 6 CFTC committees, with the exception being the CFTC-SEC Joint Advisory Committee. The MRAC is comprised of 36 market leaders in derivatives and other monetary markets along with academics and regulators. It consists of members of the Federal Reserve Banks of New York and Chicago, HSBC chief running officer Chris Dickens, Goldman Sachs handling director Amy Hong, BlackRock handling director Eileen Kiely and members of the Futures Industry Association.

Johnson will provide the keynote address “checking out a suitable regulative structure for [..] the growing decentralized digital possession market” at the FIA’s International Derivatives Expo in London on June 8.

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