[Only Caroline Pham to Lead the U.S. CFTC Soon] According to a report by Jinse Finance, Kristin Johnson, a Democratic commissioner of the U.S. Commodity Futures Trading Commission (CFTC), will step down on September 3. After her departure, the CFTC's five-member commission will be reduced to just Acting Chair Caroline Pham. Brian Quintenz, nominated by Trump, is still awaiting Senate confirmation, and his start date remains uncertain. If Quintenz officially replaces Pham as chair, Pham plans to resign and return to the private sector. The CFTC is the regulatory body for the U.S. derivatives market and one of the primary regulators for cryptocurrencies. Having only one commissioner may expose regulatory policies to legal challenges and increase uncertainty in industry oversight.