RATE Group | CFTC Policymaker Known for Bitcoin Futures Efforts Reportedly Leaving
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CFTC Policymaker Known for Bitcoin Futures Efforts Reportedly Leaving

10 Aug CFTC Policymaker Known for Bitcoin Futures Efforts Reportedly Leaving

Posted at 21:27h in Bitcoin News by

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Amir Zaidi, the director of the United States Commodity Futures Trading Commission’s (CFTC’s) Division of Market Oversight (DMO), is rumored to be leaving the CFTC within weeks.

Multiple anonymous sources aware of the situation have confirmed this claim, according to a report by Bloomberg Law on Aug. 8. 

Zaidi has been the director of the CFTC’s DMO since January 2017. He is acknowledged as being responsible for creating Bitcoin (BTC) futures trading policy, as well as rewriting market regulations for over-the-counter swaps.

One source added that former DMO director Vincent McGonagle is expected to reprise his role as an acting director; McGonagle is the current deputy director of enforcement, as noted in the report.

Bitcoin futures and the CFTC

As previously reported by Cointelegraph, the CFTC confirmed at the beginning of the month that it has not approved LedgerX’s physically-settled Bitcoin futures. This seems to contradict LedgerX’s previous announcement, in which the…

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