White House · Donald Trump · Democrats · Republicans · CoinDesk
The Republican chairman and top Democrat on the U.S. House Agriculture Committee are both asking President Donald Trump to name
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"As the Commission carries out its work, the public, the markets and the agency itself will be best served by a full five-member commission," the lawmakers argued in the letter, which they'd said they were writing during a hearing last month.
Key facts
- Chairman Selig, speaking at Consensus Miami 2026 last week, addressed the issue, saying that he feels he has a responsibility to push forward as quickly as possible to get the president's crypto
- Chairman Glenn “GT” Thompson, a Pennsylvania Republican, and Representative Angie Craig, a Minnesota Democrat, sent a letter to the president on Friday, urging the nomination of four more
- Demands that the White House fill out the CFTC has become part of the negotiation over the Clarity Act, which advanced another step through its process this week, leaving remaining points of debate
- The Trump administration has engaged in an unprecedented campaign to pull Democrats out of regulatory commissions and boards, including at the Federal Reserve
Summary
A bipartisan letter from key members of the U.S. House of Representatives has asked President Donald Trump to name a full slate of commissioners to the Commodity Futures Trading Commission, including Democrats. The top Republican and Democrat on the committee that oversees the agency argued that the public will be "best served" by a full, five-member commission, especially as it takes on new crypto duties. The Republican chairman and top Democrat on the U.S. House Agriculture Committee are both asking President Donald Trump to name a full slate of commissioners for the Commodity Futures Trading Commission, the agency that will have a central role in regulating the crypto sector as new rules are proposed and the market structure-focused Clarity Act progresses through the Senate. Chairman Glenn “GT” Thompson, a Pennsylvania Republican, and Representative Angie Craig, a Minnesota Democrat, sent a letter to the president on Friday, urging the nomination of four more commissioners, two from each party.