CFTC’s Johnson to Leave Next Week, Bringing Agency to One Member

Democratic Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission on Sept. 3, bringing the agency under the sole leadership of Acting Chairman Caroline Pham.

In a farewell press release, Johnson called for the CFTC to receive more resources to support an expanded mission regulating digital assets, on top of its traditional market surveillance and enforcement. Lawmakers are working on legislation that would potentially hand the agency greater authority to directly regulate the crypto industry.