Insiders: The White House will appoint Jill Sommers or Kyle Hauptman as the new CFTC chairman

ChainCatcher news, according to crypto journalist Eleanor Terrett, insiders reveal that the White House is considering appointing former CFTC commissioner Jill Sommers and NCUA chairman Kyle Hauptman as CFTC chairman. It is reported that both are supportive of cryptocurrency.

Previously, due to the stalled confirmation of Brian Quintenz's nomination, the White House has restarted its review of candidates for CFTC chairman, with other candidates including SEC's Mike Selig, Treasury's Tyler Williams, and Milbank lawyer Josh Sterling.