Odaily Planet Daily News Investment bank TD Cowen said that President Biden's move to nominate two heads of the U.S. Commodity Futures Trading Commission (CFTC) may affect the agency's future approach to cryptocurrencies. Last week, Biden nominated CFTC Commissioner Christy Goldsmith Romero to head the Federal Deposit Insurance Corporation (FDIC) and Kristin Johnson to serve as Assistant Secretary of the Treasury Department for Financial Institutions. Both commissioners pushed the agency to introduce rules or guidelines to protect consumers and address conflicts of interest in cryptocurrencies. If Romero and Johnson successfully take up their new positions, the CFTC will be left with Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, and the Republicans will have a majority. TD Cowen said in a report on Monday that given the change, the Biden administration will quickly fill the two vacancies. However, replacements may not be confirmed until the fall.