Not surprisingly, the Trump Administration has nominated Christopher Giancarlo, former CFTC Commissioner and now Acting Chairman for the full time position of Chairman. His nomination is widely expected to be confirmed.
Giancarlo, a Republican, has been acting chairman of the CFTC since Jan. 20 and was widely expected to be tapped for the permanent position of chairman. He became a CFTC commissioner in 2014. The nomination comes just one day before Giancarlo is expected to give a major policy address at the annual Futures Industry Association conference in Boca Raton, Florida, where he plans to lay out his regulatory vision for the agency. As chairman, Giancarlo is likely to focus his energy on scaling back rules that he believes are overly burdensome to help boost economic growth - a vision that is also shared by Jay Clayton, Trump's pick to head the CFTC's sister regulator, the Securities and Exchange Commission.