As ‘Crypto Dad’ exits the CFTC, Treasury official to enter

The Commodity Futures Trading Commission (CFTC) is losing its “Crypto Dad” J. Christopher Giancarlo for a senior Treasury official. The U.S. Senate voted to approve Heath Tarbert as the next chairman of the CFTC in a 84-9 vote Wednesday.

The CFTC regulates products like derivatives under the Commodity Exchange Act to protect traders from abusive practices.

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