There is a crisis alert that could also affect Cryptocurrencies at the CFTC! Be careful starting from May 31!

Journalist Eleanor Terrett, who closely follows the crypto sector, announced an important development that will change the balances at the CFTC (.

Democratic member Christy Goldsmith Romero announced that she will officially leave the CFTC as of May 31.

This separation, when combined with the departure of member Summer Mersinger, who is the successor of Dawn Stump, who announced she would be stepping down in the previous period, creates a significant vacancy at the CFTC. By the end of the month, there will only be two members left: Democrat Kristin Johnson and Republican Caroline Pham.

However, Pham had announced that he planned to resign following the appointment of Brian Quintenz as chairman. However, the nomination session that Quintenz needs to undergo in the Senate Agriculture Committee has not yet been scheduled. Therefore, Pham is currently continuing in his role.

At least two commission members are required for the CFTC to make a decision. This makes it mandatory for Johnson and Pham to actively participate in every vote. If Johnson does not participate in the vote for any reason or abstains, this could lead to a serious procedural deadlock. Additionally, in a structure with only two members, a 1-1 tie for any regulation would pose a significant obstacle.

These developments coincide with a period when Congress is considering granting the CFTC broader powers over the crypto markets. Therefore, the weakening of the regulatory framework signals a critical period for the future of crypto policies.

The White House has not yet made any statements regarding names that will replace Mersinger and Goldsmith Romero. The new commission members will play a key role in determining the roadmap the U.S. will follow in cryptocurrency regulations.