Heath Tarbert to stayas part of the five commissioner as Biden’s CFTC chair takes over

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However, Tarbert’s brief term was noteworthy for transparency on cryptocurrencies in U.S. law.

Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but will remain one of its five commissioners.

In a CFTC statement on Thursday afternoon, Tarbert made his resignation, which he declared at the beginning of December. At the moment, though, it was not known if he would stay on the board at all.

Today’s statement indicated that Tarbert will remain on service as a commissioner, with a term officially expiring on 13 April 2024. In naming milestones over his 18-month tenure as chairman of the board, crypto took on a leading role, with the commissioner flagging his work “Promoting responsible fintech innovation, elevating LabCFTC into an independent operating unit, and beginning to treat Ether as a commodity.”
LabCFTC is the fintech arm of the Commission, which has been expanding its operations since becoming an autonomous office at the end of 2019. Tarbert has confirmed his involvement in expanding the use of crypto in the U.S. in a variety of media interviews, including an October interview with Anthony Pompliano.

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