Trump nominates four SEC and CFTC picks, including CLARITY Act negotiators
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What happened
Nominations sent to the Senate on 12 November put Kristin N. Johnson and Steven Levine forward for the SEC, and Nathan Anonick and Matthew Rowland for the CFTC, where Michael Selig is currently the sole commissioner. Johnson would fill the seat left by Caroline Crenshaw and Levine the seat of Hester Peirce, whose term expired a few weeks ago. Senate Republican leaders reportedly want committee approval by 20 November for a lame-duck confirmation package, and the Senate Banking Committee has scheduled a hearing for Johnson and Levine. Analyst Ash Crypto suggested the CLARITY Act could be delayed by up to two years, with Elizabeth Warren likely to chair the Senate Banking Committee.
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What to do
- Watch for the Senate Banking Committee hearing on Johnson and Levine, which is scheduled for next Thursday.
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