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CFTC Enforcement Director McDonald to Leave This Week

CFTC gave no reason for McDonald's departure set for Thursday.

Updated Sep 14, 2021, 10:05 a.m. Published Oct 6, 2020, 2:15 p.m.

CFTC's James McDonald, second from left, leaves the agency Thursday.

The Commodity Futures Trading Commission (CFTC) said on Tuesday Division of Enforcement Director James McDonald will depart the agencyThursday, Oct. 8. McDonald has served as director of Enforcement since April 2017.

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No reason was given for the departure.
McDonald, who has overseen numerous cases involving crypto, said in 2018 the CFTC and his division didn't want to hinder innovation in the crypto space.
Vincent McGonagle, principal deputy director of the Division of Enforcement, will serve as acting director.

CFTC

Kevin Reynolds

Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.