President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission (CFTC) Rostin Behnam to assume his position on a permanent footing and two others to fill vacant commissioner seats.

In a Monday announcement from the White House, President Biden said he planned to nominate Behnam — who has been serving as atomic number 82 at the Commodity Futures Trading Committee since former chair Heath Tarbert left in January — in add-on to Kristin Johnson and Christy Goldsmith Romero. All must be confirmed by the Democrat-controlled Senate.

Co-ordinate to her faculty profile at the Emory University Schoolhouse of Police, Johnson has been examining the implications of "emerging innovative technologies including distributed digital ledger technologies that enable the creation of digital avails and intermediaries." She has previously hinted at establishing greater governmental oversight of crypto platforms.

Romero has been serving as special inspector general for the Troubled Asset Relief Plan, an initiative established to "forbid and find fraud, waste, and abuse" following the 2008 financial crunch. She as well served as senior counsel in the Securities and Exchange Commission's Enforcement Division.

Information technology's unclear how the addition of Johnson and Romero will affect policy on digital avails at the CFTC. Dawn Stump told Cointelegraph in August that the government body "does non regulate commodities, and thus it does not regulate crypto avails even if they are commodities."

The CFTC normally has v commissioners in its panel, only there have been ii empty seats since the departure of Brian Quintenz on Aug. 31 and sometime chair Tarbert in January. In addition, commissioner Dan Berkovitz appear he planned to depart the CFTC on Oct. 15.

Related: US lawmakers urge CFTC and SEC to form joint working grouping on digital assets

"The markets we regulate are disquisitional to economic recovery, and even while we accept been without a full commission or Senate-confirmed Chair, the markets continue to innovate, accommodate, and seek clarifications from the CFTC in club to best fulfill new compliance obligations imposed by our rules," Stump told Cointelegraph.

All nominations must be put forth by the President of the The states and confirmed by the Senate in a simple bulk vote. Democrats currently control 50 out of the 100 Senate seats, with Vice President Kamala Harris able to act equally a tiebreaker.