In a public statement on Thursday, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year.
In listing accomplishments over the course of his term, Tarbert included that „We have promoted responsible fintech innovation and declared Ether a commodity.“
Tarbert, who joined the CFTC in 2019, has been a noted voice for sound crypto regulation at the federal level. He joins a laundry list of appointed regulators who are leaving their posts to make way for a new administration. Tarbert’s colleague, Commissioner Brian Quintenz, is also poised to depart soon.
There is no word yet on President-elect Joe Biden’s preferences for leadership at the CFTC or the related Securities and Exchange Commission, though he has made Tarbert’s predecessor, Gary Gensler, a leader of his financial team.