The important thing coverage maker who oversaw the launch of regulated Bitcoin futures within the US has returned because the Commodities Futures Buying and selling Fee’s chief of workers after a six-year hiatus.
In a Wednesday announcement, the CFTC welcomed again Amir Zaidi with chairman Michael Selig emphasizing the wealth of expertise Zaidi will deliver.
“I’m grateful for his willingness to return as chief of workers and for his continued dedication and repair to each the CFTC and our stakeholders. Amir was instrumental within the historic launch of CFTC-regulated bitcoin futures contracts throughout President Trump’s first time period,” Selig mentioned.
“With Congress poised to ship digital asset market construction laws to the President’s desk, he’ll deliver great expertise and experience to the CFTC because it develops fit-for-purpose rules for our quickly evolving commodity markets,” he added.
Zaidi’s second CFTC stint comes as US crypto regulation prospers
Zaidi’s earlier stint on the CFTC was between 2010 and 2019 throughout a number of completely different roles. In his final two years, Zaidi served because the director of the CFTC’s Division of Market Oversight, and was accountable for overseeing the coverage that helped set up a regulated Bitcoin futures market within the US.
Zaidi has sturdy expertise throughout the federal government and monetary companies business. Earlier than heading again to the CFTC, Zaidi labored as the pinnacle of worldwide compliance at main broker-dealer TP ICAP.
The launching of regulated Bitcoin futures markets on the CBOE in 2017, marked a serious step ahead to legitimizing Bitcoin at a time when there was considerably higher crypto skepticism and lack of mainstream adoption.
Associated: US lawmakers anticipated to handle market construction markup in January
With the CFTC prone to play a key position in crypto regulation and oversight in 2026, Zaidi marks one other crypto pleasant determine taking over key positions in authorities companies.
CFTC chairman Selig, who took over the reins from Caroline Pham in late December, has vowed to assist the present administration’s goal of “cementing the US because the Crypto Capital of the World.”
In the meantime, below the management of Securities and Trade Fee (SEC) chairman Paul Atkins, the SEC has taken a a lot friendlier strategy to the crypto market, with a flood of crypto trade traded funds hitting the market, alongside the ending of many authorized disputes.
