🚨NEW: This is notable because both Mersinger and Goldsmith Romero will be out by the end of the month, leaving Democrat Commissioner Kristin Johnson and Republican Caroline Pham, who has announced her intention to leave when Brian Quintenz takes over as chair. Quintenz has yet to have his nomination hearing scheduled by @SenateAgGOP, after which a Senate vote would need to be scheduled, so right now Pham is staying for the foreseeable. But a quorum (minimum number of commissioners needed to conduct votes) for the CFTC requires two commissioners, so both Johnson and Pham will be needed just to hold a vote. If Johnson were to recuse herself or abstain from voting, it would create a major procedural hurdle. Also with a 1-1 vote, it will be super hard to get any rulemaking done, especially at a time when Congress is mulling giving the agency broader authority over crypto through its market structure bill. The White House has yet to make any announcements about replacements for Mersinger or Goldsmith Romero, but whoever fills those roles will be critical to shaping the future of crypto policy in the U.S. All eyes on @realDonaldTrump, @davidsacks47 and @BoHines.