United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Marketplace Hazard Advisory Committee (MRAC) on Tuesday. She changed CFTC chair Rostin Behnam in that purpose.
Johnson was nominated to be a CFTC commissioner by U.S. President Joe Biden in September 2021, concurrent to the nominations of commissioner Christy Goldsmith Romero and acting chairman Behnam as the lasting chair. Johnson was sworn in on March 30. She moved into the situation just after paying above a 10 years as a regulation professor. Johnson is the writer of educational papers in which she has advocated for stricter controls around cryptocurrency. Johnson said in a assertion:
“Having invested my occupation in threat administration oversight, I appreciate the MRAC’s important and crucial function in advising the Commission on hazard management in our markets together with the emerging decentralized marketplace constructions in digital asset or cryptocurrency marketplaces that may possibly not depend on intermediation.”
Sponsorships were allotted amongst the 5 CFTC commissioners Tuesday for 5 out of the six CFTC committees, with the exception currently being the CFTC-SEC Joint Advisory Committee. The MRAC is designed up of 36 sector leaders in derivatives and other financial markets as well as academics and regulators. It includes associates of the Federal Reserve Banking companies of New York and Chicago, HSBC main operating officer Chris Dickens, Goldman Sachs running director Amy Hong, BlackRock taking care of director Eileen Kiely and customers of the Futures Business Association.
Johnson will give the keynote tackle “exploring an proper regulatory framework for [..] the burgeoning decentralized digital asset market” at the FIA’s International Derivatives Expo in London on June 8.