Trump May Tap Republican Commissioner to Lead Swaps Regulator
- Giancarlo’s rise could spell end for CFTC’s source code push
- Senator Warren has questioned commissioner’s industry ties
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J. Christopher Giancarlo, a Republican member of the Commodity Futures Trading Commission who has close ties to the derivatives industry, is a leading candidate to head the regulator in the Trump administration, according to people familiar with the matter.
If appointed, Giancarlo, who has been an outspoken critic of some of the commission’s regulatory efforts, would be able to set the agency’s agenda. He most recently voted against a proposal that would give the regulator easier access to high frequency traders’ secret algorithms.