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Search resuls for: "Kristin Johnson"


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The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House declined comment. She had been lined up for the Treasury role before Gruenberg succumbed last month to political pressure to resign. Punchbowl News earlier on Wednesday reported that the White House would announce Romero's nomination on Thursday.
Persons: Christy Goldsmith Romero, Sherrod Brown, Joe, Goldsmith Romero, Martin Gruenberg, Kristin Johnson, Spokespeople, Brown, Johnson, Goldsmith Romero's, Gruenberg Organizations: Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, imminently, White House, Democratic, Banking, U.S, Commodity Futures Trading Commission, Treasury Department, Treasury, FDIC, Labor, Street, Punchbowl Locations: Washington , DC, Washington
Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. U.S. regulators have brought several cases against crypto firms such as Binance, helping to establish "guardrails" to bring "order and structure" to the market, CFTC Commissioner Kristin Johnson told an FT crypto and digital assets summit. She urged crypto firms to study the Binance settlement to see what sort of governance regulators look for at crypto firms. The CFTC will also be "deeply thoughtful" on requiring better disclosures at crypto firms that are vertically integrated, combining different activities under one roof. In the meantime, crypto firms are setting up shop in Britain to build an ecosystem that can service the rest of the world and benefit from "nuanced" regulators, Quintenz said.
Persons: Dado Ruvic, Kristin Johnson, Johnson, Brian Quintenz, Quintenz, Xiao, Xiao Zhu, Huw Jones, Mark Potter Organizations: REUTERS, Futures Trading Commission, Treasury Department, Justice Department, European Union, CFTC, KKR, Thomson Locations: U.S, Binance's, Britain
NEW YORK, Jan 26 (Reuters) - A top official with the U.S. Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig into the books of any firm seeking to acquire significant interest in any registered market player. Without this, unregistered firms can buy their way into U.S.-regulated markets without meaningfully opening their books to regulators, she said. The Commission needs Congress to give the agency authority to conduct due diligence to protect customers and maintain market stability, she said. Questions have mounted over due diligence in crypto following a string of bankruptcies and the announcement in December of U.S. charges against FTX's founder and former head Sam Bankman-Fried for allegedly committing fraud. Reuters has previously reported details of FTX's strategy of "acquisitions for regulatory purposes", including Ledger X, which gave the company three CFTC licenses in one swoop.
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