Trump Names Four SEC and CFTC Nominees, Including Peirce’s Successor Levine

The White House announced four nominations to the Securities and Exchange Commission and the Commodity Futures Trading Commission on Thursday, November 12, according to CoinDesk and Cointelegraph. CoinDesk described it as the first time Trump has named nominees to either agency in about a year.

At the SEC, Steven Levine, a former SEC counselor and Department of Labor official, was nominated to replace Hester Peirce, who left the agency in October after her term expired, Cointelegraph reported. His term would run to June 5, 2030. Cointelegraph described him as a Republican. Kristin Johnson, a Democrat and former CFTC commissioner, was nominated for the seat previously held by Caroline Crenshaw, with a term ending June 5, 2029.

At the CFTC, the nominees are Nathan Anonick and Matthew Rowland. CoinDesk said Anonick works on the Senate Agriculture Committee’s majority staff, while Rowland is a CFTC attorney detailed to that committee. Cointelegraph reported that both worked on the CLARITY Act, and identified Anonick as a Republican and Rowland as a Democrat.

All four need Senate confirmation. The Banking Committee handles the SEC picks and the Agriculture Committee the CFTC picks, followed by a full Senate vote. The SEC currently has two members, Chairman Paul Atkins and Commissioner Mark Uyeda, and the CFTC has one, Chairman Michael Selig, both agencies having five seats. Cointelegraph noted that Democrats are set to take Senate control in January, leaving a narrow window to confirm the nominees.

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Sources:

• CoinDesk: U.S. President names CFTC, SEC nominees for first time in a year

• Cointelegraph: Trump Picks Hester Peirce Successor at SEC