Commissioner Kristin Johnson has declared her intention to depart from the U.S. Commodity Futures Trading Commission (CFTC) effective September 3rd.
This announcement follows her previous indication that she would not complete her full term, which was scheduled to continue until 2026.
In a public statement released August 26th, Johnson conveyed her gratitude for the opportunity to have served the agency. She mentioned her plans to explore new avenues for contributing to the public welfare, with a specific focus on supporting both consumers and the stability of the financial system.
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Johnson also stressed the significance of ensuring continued support for the CFTC’s staff. She emphasized the necessity for the agency to have the necessary resources for effectively navigating significant changes in the financial landscape and evolving trading methods, especially as these shifts impact the very structure of the market.
She reaffirmed her conviction that digital asset companies need to adhere to established regulations, with supervisory systems that foster both groundbreaking innovation and a strong sense of accountability.
During her time at the CFTC, Johnson concentrated on key areas such as safeguarding against cyber threats and examining the effects of artificial intelligence (AI) within the financial sector.
Nominated by President Joe Biden, Johnson began her role at the CFTC in March of 2022, serving as the sole Democratic commissioner at that time. Following her departure, Acting Chair Caroline Pham will be the only remaining commissioner.
Earlier this month, on August 9th, Bo Hines announced his resignation as head of the White House’s crypto policy team. Intrigued? Discover the details here.