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Biden Said to Pick Behnam as Top U.S. Derivatives Regulator

  • CFTC candidate has been acting head of agency since January
  • Behnam expected to focus on climate change issues as chair
Rostin Behnam
Rostin Behnam Photographer: Stefani Reynolds/Bloomberg
Updated on

President Joe Biden plans to name Rostin Behnam to lead the U.S. Commodity Futures Trading Commission, which oversees much of the $582 trillion global derivatives market including cryptocurrency trading, according to people with knowledge of the matter.

The White House recently selected Behnam, who’s been leading the agency on an interim basis since January, according to the people who weren’t authorized to speak publicly. The timing of an announcement is still weeks away, the people said.