United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the company’s Market Risk Advisory Committee (MRAC) on Tuesday. She changed CFTC chair Rostin Behnam in that function.
Johnson was nominated to be a CFTC commissioner by U.S. President Joe Biden in September 2021, concurrently commissioner Christy Goldsmith Romero and was nominated and performing chairman Behnam was nominated to chair the fee completely. Johnson was sworn in on March 30. She moved into the place after spending over a decade as a regulation professor. Johnson is the writer of tutorial papers through which she has advocated for stricter controls over cryptocurrency. Johnson stated in an announcement:
“Having spent my career in risk management oversight, I appreciate the MRAC’s significant and critical role in advising the Commission on risk management in our markets including the emerging decentralized market structures in digital asset or cryptocurrency markets that may not rely on intermediation.”
Sponsorships have been allotted among the many 5 CFTC commissioners Tuesday for 5 out of the six CFTC committees, with the exception being the CFTC-SEC Joint Advisory Committee. The MRAC is made up of 36 business leaders in derivatives and different monetary markets, in addition to lecturers and regulators. It contains members of the Federal Reserve Banks of New York and Chicago, HSBC chief working officer Chris Dickens, Goldman Sachs managing director Amy Hong, BlackRock managing director Eileen Kiely and members of the Futures Industry Association.
Johnson will give the keynote handle “exploring an appropriate regulatory framework for [..] the burgeoning decentralized digital asset market” on the FIA’s International Derivatives Expo in London on June 8.