The US CFTC confirms that the new chairman will replace "cryptocurrency supporters" and current chairman Giancarlo

According to Coindesk, the US Commodity Futures Trading Commission (CFTC) announced in the previous Senate hearing that Heath Tarbert was appointed as the next CFTC chairman to replace the current chairman, "Encrypted Dad" J. Christopher Giancarlo. The CFTC's mission is to regulate derivatives, digital assets and over-the-counter transactions. Under the leadership of the outgoing CFTC chairman Giancarlo, the CFTC adopted a loose attitude towards the cryptocurrency industry.