President-elect Donald Trump is considering appointing Perianne Boring, chief executive of the Chamber of Digital Commerce, as Chair of the Commodity Futures Trading Commission (CFTC).
According to a new report by Fox Business, anonymous sources familiar with the matter say that Trump is considering Boring to take the reins of the regulatory agency, partially due to her ability to be conversant and telegenic in presenting financial topics to the public.
Other top contenders for the job include Summer Mersinger and Caroline Pham, who both currently serve as Commissioners for the CFTC, as well as Jill Sommers, a former Commissioner of the agency who currently serves as the chief of the derivatives practice group at Patomak Global Partners, according to the report.
Neal Kumar, a former special counsel to the CFTC and the current co-head of the commodities and derivatives practice at Willkie Farr and Gallagher, is also in the running.
Earlier this year, the Chamber of Commerce – with Boring at its helm – argued that Democratic lawmakers Senators Elizabeth Warren and Sherrod Brown were attempting to take down the crypto industry by proposing bills to make it comply with the same anti-money laundering laws that apply to traditional finance.
At the time, Boring penned a letter to Brown asking him to kill the bill.
Last year, Boring predicted that Bitcoin (BTC) would hit a price tag of $1 million by 2029 if its adoption continued at the rate it was going. According to the CEO, a combination of a spike in demand and a lack of supply will push the crypto king to higher prices during the next few years.
Bitcoin is trading for $94,944 at time of writing, a marginal decrease during the last 24 hours.
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