White House considering nominating Josh Sterling for CFTC chairman

the White House is considering nominating Josh Sterling as the chairman of the CFTC. Josh Sterling previously served as the head of the Market Participants Division at the Commodity Futures Trading Commission (CFTC). The responsibilities of the CFTC include regulating entities registered in the U.S. derivatives market, such as banks, intermediaries, asset management companies, etc.; overseeing whether these entities comply with reporting rules, registration requirements, compliance of trading activities, etc. He also participated in the rule-making work of the CFTC under the Dodd-Frank Act and promoted some landmark enforcement cases. Sterling is currently a partner at the law firm Milbank, focusing on regulatory and enforcement matters in the fields of derivatives, financial market infrastructure, and cryptocurrencies.