@kolyantrend
White House officials say they received no names from Senate Democrats for Democratic vacancies on the SEC and CFTC, leaving both agencies understaffed at the leadership level. A Thursday letter from the White House to Senate leaders followed a June 10 request from 12 Democratic senators over staffing concerns. The SEC has two vacant Democratic seats with three Republican commissioners, and Republican CFTC Chair Michael Selig is the sole commissioner. President Donald Trump has not announced any nominations since June 24. Selig warned that without bipartisan support for crypto market structure legislation like the CLARITY Act, regulators will be left to write all the rules on digital assets.
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