President Trump sent the Senate a new list of nominations on Tuesday, announcing his selection, leading several major financial regulators in his second administration.
Jonathan McCernan has been tapped to chair the Consumer Financial Protection Bureau (CPFB). A former board member of the Federal Deposit Insurance Corporation announced plans to step down from the agency on Monday.
His appointment comes when the CFPB fell into disarray on a recent day.
Staff also said that CFPB's headquarters would be closed that week, and employees at Elon Musk's Government Efficiency reportedly accessed the agency's data system.
The series of rapid events has sparked concern from employees who have been paying attention to notable similarities to actions taken at the US International Development Agency last week.
Amidst the chaos, the top CFPB officials have left the agency. Two officials, assistant director of supervisory policy, Laurey Salas, and assistant director of the Executive Office, Eric Halperin, announced their resignation on Tuesday.
A CFPB spokesman told Hill that both were placed on administrative leave. Zixta Martinez, the agency's assistant director, was also on leave on Tuesday, a spokesman confirmed.
Trump also smacked Jonathan Gould on Tuesday and served as the director of currency. Gould previously served as Senior Deputy Secretary and Chief Attorney in the Office of the Secretary of the Money Secretary in the first Trump administration.
Brian Quintenz, global policy director for Andreessen Horowitz's Crypto Crypto Currency Arm A16Z Crypto, has been appointed chairman of the Commodity Futures Trading Commission (CFTC). He served as a commissioner at the CFTC during Trump's first term.
“@CFTC plays a key role in maintaining the robust hedging and price discovery market for the Earth's vy hope,” Quintenz said in a post on Social Platform X. Blockchain technology and innovation. We look forward to working with President Trump's incredible financial regulatory team. ”
Quintenz is the latest in a string of code-friendly appointees from the new Trump administration. His appointment was filled with excitement from the industry.
“His true experience in the crypto industry, along with his knowledge of the CFTC, is perfectly suited to lead his agency, and is consistent with President Trump's vision for US crypto,” said Blockchain. Chrisin Smith, CEO of the association, said in a statement.
