All four current commissioners at CFTC have exited or announced plans to step down, leading to a complete turnover in top leadership.
Congress is advancing a bill to formalize CFTC's oversight in crypto markets, requiring digital exchanges to register with the agency alongside the SEC.
Former CFTC Chair Rostin Behnam sees the transition as favorable for crypto legislation and believes new leadership could align well with bill progress.
The leadership shakeup at CFTC amidst incoming crypto legislation could define the future of U.S. crypto regulation with the potential for accelerated evolution or delays.