US Commodity Futures Trading Commission Rehires Advisor From Coinbase

The USA Commodity Futures Buying and selling Fee (CFTC) has introduced that it’s hiring Andrew L. Ridenour as senior counsel to the chairman. Up till lately, Ridenour labored on the main cryptocurrency trade Coinbase.

CFTC Chairman Tarbert unveiled Ridenour and others as new hires on July 17, commenting that the “counsel and experience of my crew will probably be important to our efforts to maintain our derivatives markets vibrant and maintain wrongdoers accountable.”

Who’s Andrew Ridenour?

In accordance with Ridenour’s LinkedIn profile, he labored on the CFTC for 9 years as particular counsel on the Division of Market Oversight and senior trial legal professional. Ridenour then took a hiatus from the federal government to work for the crypto trade Coinbase as counsel for institutional merchandise for slightly over a 12 months and a half, earlier than returning to the CFTC.

Whereas at Coinbase, Ridenour apparently developed authorized constructions and enterprise plans for the trade’s buying and selling and custodial companies. Now rejoining the CFTC, he’ll reportedly supply authorized and coverage counsel to the chairman pertaining to the futures and derivatives markets.

Ridenour holds postgraduate levels in each regulation and worldwide relations, with a J.D. from Tulane College Legislation Faculty in addition to an M.A. from Tulane College.

New chairman, new regime?

As beforehand reported by Cointelegraph, Heath Tarbert was sworn in because the CFTC’s chair simply two weeks in the past. His predecessor, J. Christopher Giancarlo — AKA the “Crypto Dad” — was thought to be a pro-cryptocurrency regulator. Tarbert’s views on cryptocurrency, alternatively, are extra unknown as of but. 

Tarbet holds a Ph.D. in comparative regulation from Oxford and has labored for Supreme Court docket Justice Clarence Thomas. Talbert has additionally labored as Assistant Secretary of the Treasury for Worldwide Markets and Improvement below President Trump, in addition to for the secretary for worldwide affairs.

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