White House says it received no Democratic nominees for SEC, CFTC vacancies
CoinTelegraph·
60-second summary
The White House confirms it has received no Democratic nominees for vacant positions at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), exacerbating existing understaffing and a lack of Democratic representation. This development leaves the agencies without a clear path to regaining their full complement of commissioners, potentially hindering regulatory oversight.
Both US financial regulators are understaffed at the leadership level and lacking Democratic commissioners, with no announcement from President Donald Trump on filling the roles.