Former Commodity Futures Trading Commissioner Jill Sommers has joined the board of FTX’s US derivatives subsidiary.
A Republican appointee under Presidents George W. Bush and Barack Obama, Sommers served on the commission for six years and is currently a senior advisor at the financial consultancy Patomak Global Partners.
“The company has been at the forefront of bridging the gap between traditional and digital assets while staying true to its founding principles of transparency and leading the charge toward becoming the most regulated digital asset exchange in the world,” Sommers said in the release announcing her board seat.
Mark Wetjen, another former CFTC commissioner, currently leads FTX.US’s policy and regulatory strategy. The exchange has pushed the commodities regulator to allow it increased flexibility in how it can offer leveraged trades on cryptocurrency to US retail investors.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- CFTC
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Derivatives
- Digital Assets
- ethereum
- FTX
- Government
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- policy
- Polygon
- proof of stake
- The Block
- Trading
- W3
- zephyrnet