Biden Said to Pick Behnam as Top US Derivatives Regulator (1) – Bloomberg Law

President Joe Biden plans to name Rostin Behnam to lead the U.S. Commodity Futures Trading Commission, which oversees much of the $582 trillion global derivatives market including cryptocurrency trading, according to people with knowledge of the matter.

The White House recently selected Behnam, who’s been leading the agency on an interim basis since January, according to the people who weren’t authorized to speak publicly. The timing of an announcement is still weeks away, the people said.

Rostin Behnam

Photographer: Stefani Reynolds/Bloomberg

The pick would end months of speculation over who will oversee the Wall Street regulator that’s become significantly more powerful since the financial …