Lee | Ju.Com2025-11-14 04:43
๐ US SEC, CFTC operations set to resume after 43-day government shutdown!
Employees who were furloughed during the US government shutdown are expected to return to work at the Securities and Exchange Commission and Commodity Futures Trading Commission after 43 days away.
- According to the operations plans with the SEC and CFTC, staff are expected to return on Thursday, following US President Donald Trumpโs signing of a funding bill late on Wednesday to resume federal operations.
- The two agenciesโ respective plans require employees to come in on the โnext regularly scheduled workday [...] following enactment of appropriations legislation,โ which acting CFTC chair Caroline Pham appeared to confirm in a Thursday X post.
- Amid the government shutdown, both agencies had fewer staff and reduced operations. In the SECโs case, this limited its ability to review applications for exchange-traded funds, including those tied to cryptocurrencies.
- The CFTCโs plan said it would โcease the vast bulk of its operations,โ including enforcement, market oversight and work on regulatory rulemaking.
- With the reopening of the government, however, the SEC and CFTC may need some time to catch up on activities, such as reviewing registration applications submitted in the previous 43 days. Some companies submitted IPO and ETF applications amid reports that the shutdown would likely end soon.
- โIโm sure some [companies] took the position that they could just submit [an application to the SEC] knowing itโs not going to be looked at until they get back, but at least theyโre in the queue,โ Jay Dubow, a partner at law firm Troutman Pepper Locke, told Cointelegraph.
He also warned of the possible ramifications of the SEC going through repeated shutdowns:
โEvery time you go through something like this, thereโs the risk of things just slipping through the cracks in various ways.โ
- During the shutdown, officials with both financial regulators regularly spoke at conferences on their approach to cryptocurrencies, sometimes commenting on their availability and addressing the reduced operations.
- โWithin limits, weโre still obviously functioning,โ said SEC Chair Paul Atkins on Oct. 7, less than a week into the lapse in appropriations. โThere are restrictions on what we can and canโt do, especially for staff [...] I can still come and do things like this [referring to the conference].โ
- Before the funding bill had been resolved, Akins said that the SEC planned to consider โestablishing a token taxonomyโ in the coming months, โanchoredโ in the Howey test to recognize that โinvestment contracts can come to an end.โ Pham, similarly, said the CFTC had been pushing for approval of leveraged spot cryptocurrency trading as early as December.
Prospective CFTC chair scheduled for Senate hearing
- Michael Selig, who serves as chief counsel for the SECโs crypto task force, is scheduled to appear before the Senate Agriculture Committee on Wednesday as part of Trumpโs push to have him confirmed as the next CFTC chair.
- Though the hearing could likely have moved forward amid the shutdown, Seligโs authority with the agency, had he been confirmed, would have been severely limited.
Pham is expected to leave her position as acting chair should the Senate confirm Selig. However, even if he were to be installed quickly, the CFTC would still face a dearth of leadership, with only one Senate-confirmed commissioner out of the usual five.
#cryptocurrency #CFTC #SEC #Jucom #blockchain $JU/USDT $BTC/USDT $ETH/USDT
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Lee | Ju.Com
2025-11-14 04:46
๐ US SEC, CFTC operations set to resume after 43-day government shutdown!
[{"type":"paragraph","children":[{"text":"Employees who were furloughed during the US government shutdown are expected to return to work at the Securities and Exchange Commission and Commodity Futures Trading Commission after 43 days away."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"According to the operations plans with the SEC and CFTC, staff are expected to return on Thursday, following US President Donald Trumpโs signing of a funding bill late on Wednesday to resume federal operations."}]},{"type":"list-item","children":[{"text":"The two agenciesโ respective plans require employees to come in on the โnext regularly scheduled workday [...] following enactment of appropriations legislation,โ which acting CFTC chair Caroline Pham appeared to confirm in a Thursday X post."}]},{"type":"list-item","children":[{"text":"Amid the government shutdown, both agencies had fewer staff and reduced operations. In the SECโs case, this limited its ability to review applications for exchange-traded funds, including those tied to cryptocurrencies."}]},{"type":"list-item","children":[{"text":"The CFTCโs plan said it would โcease the vast bulk of its operations,โ including enforcement, market oversight and work on regulatory rulemaking."}]},{"type":"list-item","children":[{"text":"With the reopening of the government, however, the SEC and CFTC may need some time to catch up on activities, such as reviewing registration applications submitted in the previous 43 days. Some companies submitted IPO and ETF applications amid reports that the shutdown would likely end soon."}]},{"type":"list-item","children":[{"text":"โIโm sure some [companies] took the position that they could just submit [an application to the SEC] knowing itโs not going to be looked at until they get back, but at least theyโre in the queue,โ Jay Dubow, a partner at law firm Troutman Pepper Locke, told Cointelegraph."}]}]},{"type":"paragraph","children":[{"text":"He also warned of the possible ramifications of the SEC going through repeated shutdowns:"}]},{"type":"block-quote","children":[{"text":"โEvery time you go through something like this, thereโs the risk of things just slipping through the cracks in various ways.โ"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"During the shutdown, officials with both financial regulators regularly spoke at conferences on their approach to cryptocurrencies, sometimes commenting on their availability and addressing the reduced operations."}]},{"type":"list-item","children":[{"text":"โWithin limits, weโre still obviously functioning,โ said SEC Chair Paul Atkins on Oct. 7, less than a week into the lapse in appropriations. โThere are restrictions on what we can and canโt do, especially for staff [...] I can still come and do things like this [referring to the conference].โ"}]},{"type":"list-item","children":[{"text":"Before the funding bill had been resolved, Akins said that the SEC planned to consider โestablishing a token taxonomyโ in the coming months, โanchoredโ in the Howey test to recognize that โinvestment contracts can come to an end.โ Pham, similarly, said the CFTC had been pushing for approval of leveraged spot cryptocurrency trading as early as December."}]}]},{"type":"heading-two","children":[{"text":"Prospective CFTC chair scheduled for Senate hearing"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Michael Selig, who serves as chief counsel for the SECโs crypto task force, is scheduled to appear before the Senate Agriculture Committee on Wednesday as part of Trumpโs push to have him confirmed as the next CFTC chair."}]},{"type":"list-item","children":[{"text":"Though the hearing could likely have moved forward amid the shutdown, Seligโs authority with the agency, had he been confirmed, would have been severely limited."}]}]},{"type":"paragraph","children":[{"text":"Pham is expected to leave her position as acting chair should the Senate confirm Selig. However, even if he were to be installed quickly, the CFTC would still face a dearth of leadership, with only one Senate-confirmed commissioner out of the usual five."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CFTC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"SEC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.webstatic.cc/1/currency/3908d2d8-94c4-4db9-9fc5-9a5bdaae5860-1758872417826.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" "}]}]
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๐ Regulatory Resonance: How the SEC & CFTCโs Alliance Is Reshaping U.S. Crypto Finance?[{"type":"paragraph","children":[{"text":"Introduction: A โBelated Coordinationโ and the โPrelude to a New Financial Eraโ"}]},{"type":"paragraph","children":[{"text":"For over a decade, the U.S. financial regulatory system has resembled a โdivided city-stateโ:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"On one side stands the SEC (Securities and Exchange Commission), guarding the borders of the securities markets;"}]},{"type":"list-item","children":[{"text":"On the other, the CFTC (Commodity Futures Trading Commission), overseeing derivatives and commodities."}]}]},{"type":"paragraph","children":[{"text":"Each had its own turf and rules โ until digital assets and DeFi blurred those boundaries."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Is Bitcoin a โcommodityโ or a โsecurityโ?"}]},{"type":"list-item","children":[{"text":"Does Ethereumโs staking mechanism violate securities law?"}]},{"type":"list-item","children":[{"text":"Who should oversee stablecoins?"}]}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Each of these questions has repeatedly sparked debate, lawsuits, and market panic."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"But this time, the SEC and CFTCโs top officials appeared side by side โ announcing โa new framework for coordinated cooperation.โ This was more than a meeting; it felt like an act of historical reconciliation. After a decade of regulatory fragmentation, the U.S. is finally attempting to piece together its โbroken financial oversight system.โ For traditional finance, itโs an institutional update; for the crypto market, itโs nearly a โcompliance revolution.โ"}]},{"type":"paragraph","children":[{"text":"\n"}]},{"type":"heading-two","children":[{"text":"A Fragmented Regulatory System: The Invisible Ceiling on Innovation"}]},{"type":"paragraph","children":[{"text":"The U.S. has long been a cradle of financial innovation โ from ETFs and derivatives to online brokerage firms, every wave of change began there. Yet in the age of cryptocurrency, this once-dynamic hub has slowed down unexpectedly."}]},{"type":"paragraph","children":[{"text":"The problem isnโt technology โ itโs regulation. The SEC and CFTC have long disagreed on how to define digital assets:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The SEC tends to treat tokens as securities, requiring issuers to comply with the Securities Actโs registration and disclosure rules;"}]},{"type":"list-item","children":[{"text":"The CFTC, meanwhile, views Bitcoin and Ethereum as commodities, asserting that their trading can fall under the futures regulatory framework."}]}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This โdual-track contradictionโ has trapped many innovative products in a gray area. Some DeFi projects, for example, involve both token issuance (under the SEC) and leveraged derivatives (under the CFTC). The result: neither agency approves them, and neither wants the liability."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"As one commissioner bluntly put it during the meeting: โOver the past decade, this field is littered with the corpses of โproducts that never launched.โโ Behind that remark lies the story of countless startups that collapsed in regulatory limbo โ not because they broke the law, but because they didnโt know which rules to follow."}]},{"type":"paragraph","children":[{"text":"Thus, this cooperation isnโt merely a handshake โ itโs an attempt to restore order to a disordered market. It marks the most critical step toward modernizing U.S. financial regulation: replacing confrontation with coordination."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"The Era of Co-Governance: Cooperation, Not Consolidation"}]},{"type":"paragraph","children":[{"text":"Itโs important to note that this SECโCFTC alliance is not an institutional merger, but rather a model of Regulatory Co-Governance."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"SEC Chair Gary Gensler stated: โWeโre not restructuring the system โ weโre making regulation more coordinated.โ CFTC Chair Rostin Behnam added: โFinancial innovation should never be an excuse for a regulatory vacuum. Regulators must be interconnected like a network, not isolated like islands.โ These two sentences perfectly encapsulate the spirit of the meeting."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Historically, the U.S. financial regulatory system thrived on โchecks and balances.โ That approach worked well for 20th-century securities and futures markets โ but in the Web3 era, itโs become cumbersome. Take Bitcoin ETF approvals: the SEC focuses on investor protection and disclosure, while the CFTC handles market risk controls. Their overlapping reviews and inconsistent standards slow market efficiency."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"As one CFTC commissioner admitted, โWeโve spent too much time defining problems, and not enough time solving them.โ Hence, the true meaning of this coordination lies in breaking down silos โ sharing information, aligning processes, and bridging boundaries."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1. Building an Information-Sharing Mechanism: From Isolation to Interconnection"}]},{"type":"paragraph","children":[{"text":"According to the meeting consensus, the agencies will create a unified risk-information sharing platform, including data on token issuance, on-chain transaction monitoring, and high-risk asset lists."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This means that if the CFTC detects potential manipulation in a crypto derivative, the SEC can immediately access that data and take follow-up actions โ and vice versa. The result: faster regulatory response, fewer duplicate investigations, and less overlap in enforcement."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Gensler remarked: โWe canโt keep locking regulatory data in 20th-century filing cabinets. The risks of digital assets are real-time โ our supervision must be, too.โ This statement captures the essence of the reform: regulatory information flow will become the new infrastructure of finance."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2. Joint Regulatory Sandbox: Innovation and Compliance in Parallel"}]},{"type":"paragraph","children":[{"text":"Perhaps the most groundbreaking aspect is the planned joint โDigital Asset Regulatory Sandboxโ. Within this sandbox, emerging projects can test their products in a controlled environment, with both agencies evaluating risks and guiding compliance paths."}]},{"type":"paragraph","children":[{"text":"\nThis directly addresses the โinnovation anxietyโ many startups face. In the past, blockchain founders often didnโt know which agency had jurisdiction โ and got trapped in legal uncertainty even before launch. Now, they can enter the sandbox and receive clear, coordinated feedback. This not only reduces entrepreneurial risk but also helps regulators understand new technologies early โ preventing policy lag from the outset."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Behnam emphasized: โWe canโt wait for innovators to fail before we step in. Preemptive oversight is key to a healthy innovation cycle.โ The U.S. is thus experimenting with collaborative regulation โ redefining the relationship between innovation and order."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3. From Confrontation to Consensus: A Cultural Shift in Regulation"}]},{"type":"paragraph","children":[{"text":"This โco-governance modelโ represents more than procedural alignment โ it marks a cultural transformation. In the chaotic years of crypto regulation, the SEC and CFTC were often mocked for โfighting their own warsโ: the SEC sued issuers for illegal securities offerings, while the CFTC simultaneously approved futures for similar assets. This inconsistency eroded market confidence."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In this meeting, both chairs highlighted the need for regulatory consistency. Gensler said: โInvestors shouldnโt face different levels of protection just because an asset is defined differently by two agencies.โ Behnam added: โConsistent rules protect not only investors โ but also innovators.โ"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This is a true consensus. It signifies that regulators are shifting from the question of โWho should regulate?โ to โHow do we regulate well?โ This cultural cooling and coordination may prove more historically significant than any policy reform."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"4. The Second Phase of Regulation: From โBlurred Boundariesโ to โFunctional Layersโ"}]},{"type":"paragraph","children":[{"text":"If the past decade was about โdefinitional battles,โ the next decade will be about functional stratification. Under the new framework:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The SEC will focus on investor protection, disclosure, and asset registration;"}]},{"type":"list-item","children":[{"text":"The CFTC will oversee derivatives, leverage, and risk monitoring systems."}]}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Their data systems will interconnect, creating a layered supervisory structure."}]},{"type":"paragraph","children":[{"text":"This ensures that every crypto transaction has a clear โchain of accountabilityโ โ from issuance (SEC) to trading (CFTC) to cross-border settlement and clearing."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This is what Gensler calls a shift โfrom rule-based to outcome-based supervision.โ In other words, regulation will focus less on defining what a tokenย "},{"text":"is","italic":true},{"text":"ย and more on ensuring the market is fair, transparent, and safe."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"5. The Beginning of a Regulatory Symphony, Not Its Finale"}]},{"type":"paragraph","children":[{"text":"When the market sees the SEC and CFTC sharing a stage, it may not yet feel the immediate effects โ but at a macro level, this marks the dawn of Cooperative Governance in U.S. finance."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In the future, this co-governance model may extend to stablecoin legislation, tokenized real-world assets (RWA), and even AI-driven financial models."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Behnam concluded the meeting with a telling metaphor: โRegulators and innovators are in the same river. We shouldnโt block each otherโs flow โ we should make the current steadier.โ"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Perhaps that sentence best defines the coming decade of crypto finance: from regulatory discord to institutional harmony โ a true coming-of-age for U.S. digital finance."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Strategic Shift in Digital Assets: From the Gray Zone to the Mainstream"}]},{"type":"paragraph","children":[{"text":"For the crypto industry, the biggest winners of this โregulatory resonanceโ will be mainstream assets and institutional players."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1. Compliance Tailwinds for Core Assets Like Bitcoin and Ethereum"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"With the SEC and CFTC reaching consensus, Bitcoinโs commodity status will be further solidified."}]},{"type":"list-item","children":[{"text":"Ethereumโs PoS compliance controversy may also be clarified under the new framework."}]}]},{"type":"paragraph","children":[{"text":"This paves the way for traditional financial institutions โ such as pension funds and sovereign wealth funds โ to legally allocate into crypto assets."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2. New Definition Window for Stablecoins and Tokenized Securities (RWA)"}]},{"type":"paragraph","children":[{"text":"Once regulation becomes clearer, the legal boundaries for stablecoin issuance and asset tokenization will be more defined. Stablecoins like USDC and PYUSD may soon be subject to both SEC disclosure and CFTC trading review โ a challenge, but also a ticket to mainstream payment systems."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3. Institutional Market Liquidity Rebuilt"}]},{"type":"paragraph","children":[{"text":"With clearer division of duties, the derivatives and futures markets (CFTC) can interconnect with the spot markets (SEC). This will enable seamless movement between crypto ETFs, futures contracts, and on-chain liquidity โ laying the foundation for a new Web3 financial credit system."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In short, co-governance doesnโt restrict โ it transforms the โgray zoneโ into a legitimate channel. Crypto firms can now innovate within clear boundaries, without the constant fear of sudden enforcement."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CFTC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"SEC","children":[{"text":""}]},{"text":" "}]}]
๐ US SEC, CFTC operations set to resume after 43-day government shutdown![{"type":"paragraph","children":[{"text":"Employees who were furloughed during the US government shutdown are expected to return to work at the Securities and Exchange Commission and Commodity Futures Trading Commission after 43 days away."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"According to the operations plans with the SEC and CFTC, staff are expected to return on Thursday, following US President Donald Trumpโs signing of a funding bill late on Wednesday to resume federal operations."}]},{"type":"list-item","children":[{"text":"The two agenciesโ respective plans require employees to come in on the โnext regularly scheduled workday [...] following enactment of appropriations legislation,โ which acting CFTC chair Caroline Pham appeared to confirm in a Thursday X post."}]},{"type":"list-item","children":[{"text":"Amid the government shutdown, both agencies had fewer staff and reduced operations. In the SECโs case, this limited its ability to review applications for exchange-traded funds, including those tied to cryptocurrencies."}]},{"type":"list-item","children":[{"text":"The CFTCโs plan said it would โcease the vast bulk of its operations,โ including enforcement, market oversight and work on regulatory rulemaking."}]},{"type":"list-item","children":[{"text":"With the reopening of the government, however, the SEC and CFTC may need some time to catch up on activities, such as reviewing registration applications submitted in the previous 43 days. Some companies submitted IPO and ETF applications amid reports that the shutdown would likely end soon."}]},{"type":"list-item","children":[{"text":"โIโm sure some [companies] took the position that they could just submit [an application to the SEC] knowing itโs not going to be looked at until they get back, but at least theyโre in the queue,โ Jay Dubow, a partner at law firm Troutman Pepper Locke, told Cointelegraph."}]}]},{"type":"paragraph","children":[{"text":"He also warned of the possible ramifications of the SEC going through repeated shutdowns:"}]},{"type":"block-quote","children":[{"text":"โEvery time you go through something like this, thereโs the risk of things just slipping through the cracks in various ways.โ"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"During the shutdown, officials with both financial regulators regularly spoke at conferences on their approach to cryptocurrencies, sometimes commenting on their availability and addressing the reduced operations."}]},{"type":"list-item","children":[{"text":"โWithin limits, weโre still obviously functioning,โ said SEC Chair Paul Atkins on Oct. 7, less than a week into the lapse in appropriations. โThere are restrictions on what we can and canโt do, especially for staff [...] I can still come and do things like this [referring to the conference].โ"}]},{"type":"list-item","children":[{"text":"Before the funding bill had been resolved, Akins said that the SEC planned to consider โestablishing a token taxonomyโ in the coming months, โanchoredโ in the Howey test to recognize that โinvestment contracts can come to an end.โ Pham, similarly, said the CFTC had been pushing for approval of leveraged spot cryptocurrency trading as early as December."}]}]},{"type":"heading-two","children":[{"text":"Prospective CFTC chair scheduled for Senate hearing"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Michael Selig, who serves as chief counsel for the SECโs crypto task force, is scheduled to appear before the Senate Agriculture Committee on Wednesday as part of Trumpโs push to have him confirmed as the next CFTC chair."}]},{"type":"list-item","children":[{"text":"Though the hearing could likely have moved forward amid the shutdown, Seligโs authority with the agency, had he been confirmed, would have been severely limited."}]}]},{"type":"paragraph","children":[{"text":"Pham is expected to leave her position as acting chair should the Senate confirm Selig. However, even if he were to be installed quickly, the CFTC would still face a dearth of leadership, with only one Senate-confirmed commissioner out of the usual five."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CFTC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"SEC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.webstatic.cc/1/currency/3908d2d8-94c4-4db9-9fc5-9a5bdaae5860-1758872417826.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" "}]}]