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Crypto-Friendly CFTC Commissioner Tarbert to Leave Regulator Friday
Heath Tarbert is leaving the regulator after an 18-month tenure that included debut of an ether futures contract.
Former Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert announced in a Wednesday tweet that he will officially depart the federal regulatory agency Friday.
STORY CONTINUES BELOW
- His tenure as chairman included the classification of ether as a commodity, the launch of ether futures contracts and an expansion of regulated crypto derivative products.
- Tarbert had previously said his 18-month term would end once President Joe Biden took office. He stepped down from the chairmanship in January and was replaced acting chairman Rostin Behnam.
- Biden has not yet nominated a permanent replacement but crypto-savvy academic Chris Brummer is said to be in the lead for the position.
After almost 2 years at the @CFTC—including 18 incredible months as Chairman & Chief Executive—Friday will be my last day at the Commission. It's been an honor to work with so many talented individuals who make the CFTC the global standard for sound derivatives regulation.
— Chairman Tarbert - ARCHIVED (@ChairmanHeath) March 3, 2021
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
