CFTC director responsible for bitcoin futures regulation is leaving the agency - Report

Markets • August 9, 2019, 2:00AM EDT
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Amir Zaidi, director of the Division of Market Oversight (DMO) at the U.S. Commodity Futures Trading Commission (CFTC), is reportedly leaving the agency.

A Bloomberg Law report on Friday, citing “multiple sources with knowledge of the matter,” said that Zaidi who leads policymaking on bitcoin futures trading, is leaving “within coming weeks.”

Vincent McGonagle, who currently serves as deputy director of the Division of Enforcement, will reportedly serve as acting director for DMO.

Zaidi has been with the CFTC since 2010, and was appointed as the director of DMO in January 2017 to lead the “critical division.”

Back in May, when the regulator issued guidance on cryptocurrency products, Zaidi said: “As the virtual currency market continues to evolve, CFTC staff will seek to provide additional guidance to help market participants keep pace with innovation while complying with CFTC regulations.”

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri