The U.S. Senate confirmed the nomination of J. Christopher Giancarlo as chairman of the Commodity Futures Trading Commission in a unanimous vote on Thursday. Giancarlo, a Republican, has served as acting chairman for the CFTC since January.
In addition, commissioners Brian D. Quintenz, a Republican, and Rostin Behnam, a Democrat, were unanimously confirmed.
“I am humbled by the bipartisan support in the Senate,” according to a statement from Giancarlo, who first joined the CFTC as a commissioner in 2014 during President Barack Obama’s second term.
“I stand ready to fulfill the CFTC’s mission to foster open, transparent, competitive and financially sound markets, in a way that best fosters broad-based economic growth and American prosperity,” he said.
What Your Peers Are Reading
CFTC Commissioner Sharon Y. Bowen expressed her support for Giancarolo in a statement, noting, “The agenda of the CFTC and its hardworking staff will be in good hands with Chris as its leader. I am confident he will lead the agency forward to tackle not only the challenges presented by the 2008 financial crisis but also the challenges of the 21st century marketplace.”