Without much fanfare, Heath Tarbert announced his complete withdrawal from the CFTC later this week.

In a tweet on Wednesday morning, the former head of the CFTC said that he would be stepping down completely from Friday. In December, he resigned from his position as chairman of the board, which was officially announced by the CFTC on the website, but indicated that he intended to remain on the committee indefinitely.

Today’s announcement did not clarify future plans.

During his presidency, which began in 2019, Tarbert actively advocated the use of cryptocurrency. For example, it was overt to regulate ether as a commodity.

Tarbert’s resignation came as the Biden administration tried to fill the position of chair of the CFTC. Although there was no formal nomination, Georgetown University law professor and Cointelegraph shareholder Chris Brammer has occasionally emerged as a potential contender.

Source: CoinTelegraph

LEAVE A REPLY