🔥Hot News! TD Cowen investment bank said President Biden's move to nominate two heads of the U.S. Commodity Futures Trading Commission (CFTC) may change the agency's 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 have actively promoted the introduction of rules or guidelines to protect consumers and address conflicts of interest in cryptocurrencies. 💼

If Romero and Johnson take office smoothly, the CFTC will only have Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, and the Republicans will have a majority. 🎭

TD Cowen predicted in a report on Monday that the Biden administration will quickly fill the two vacancies, but replacements may not be confirmed until the fall. 🍂

This change may affect the regulatory attitude of the global cryptocurrency market. Let us pay attention to the subsequent developments together! 🌐📈