CFTC Chairman Rostin Behnam to Resign on Inauguration Day, Final Day February 7

Jan 7, 2025, 03:18 PM

Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his intention to resign from his position on January 20, coinciding with the inauguration of President-elect Donald Trump. Behnam's final day at the commission will be February 7. During his four-year tenure, which began in 2017, Behnam focused on strengthening the oversight of derivatives markets and addressing regulatory gaps, particularly in the cryptocurrency sector. His efforts included major enforcement actions against crypto entities, such as the lawsuit against Binance, which resulted in a $4.3 billion settlement. Behnam's departure marks the end of a period marked by efforts to modernize the CFTC and incorporate innovations into the markets it regulates.