FTX US Hires Former CFTC Commissioner as Head of Policy and Regulation

Mark Wetjen will be responsible for the exchange’s communications with U.S. regulatory and legislative bodies such as the CFTC and the SEC.

Nov 2, 2021 at 1:28 p.m. UTC
Updated Nov 2, 2021 at 8:17 p.m. UTC

Tanzeel Akhtar is a reporter based in London,UK.

Cryptocurrency exchange FTX US has tapped former U.S. Commodity Futures Trading Commission (CFTC) commissioner Mark Wetjen as its head of policy and regulatory strategy, the company announced Tuesday.

The move comes at a time when the crypto industry is facing heightened scrutiny from regulators in the U.S. and around the world.

  • Wetjen will be responsible for FTX US’s communications with U.S. regulatory and legislative bodies, such as the CFTC, the Securities and Exchange Commission (SEC) and various House and Senate Committees. He will also be advising FTX US on its compliance standards and reporting operations.
  • Prior to joining FTX US, Wetjen served as a commissioner of the CFTC from 2011 to 2015 and was its acting chairman from January to June of 2014, according to his LinkedIn profile. Most recently, Wetjen was the CEO of crypto exchange MIAX Futures, a position he held since the beginning of 2020.
  • Wetjen also served as a member of the board of directors of LedgerX, a regulated futures exchange that was recently acquired by FTX US and rebranded as FTX US Derivatives. The deal means the exchange can move to offer crypto futures, swaps and options to U.S. retail traders.
  • Wetjen will continue to serve on the board of directors of FTX US Derivatives, according to the company.
  • “I look forward to helping FTX US continue expanding its product offerings in that same manner, while also advancing the regulatory conversation of the crypto landscape on behalf of FTX US,” Wetjen said in a statement.

Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.

Trending

1
CoinDesk - Unknown
CoinDesk Confidential: Alex Masmej

The 23-year-old CEO of Showtime, a crypto-media network, answers our questionnaire ahead of Consensus 2022.

The 23-year-old CEO of Showtime, a crypto-media network, answers our questionnaire ahead of Consensus 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
Christine Lagarde Defends Massive ECB Interventions, Says Her Son Trades Crypto

The ECB president appeared on Dutch talk show "College Tour" last weekend.

The ECB president appeared on Dutch talk show "College Tour" last weekend.

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Americas: BTC Dominance Reaches 7-Month Highs, Alts Suffer

The latest moves in crypto markets in context for May 26, 2022.

The latest moves in crypto markets in context for May 26, 2022.

CoinDesk - Unknown
4
CoinDesk - Unknown
MetaMask Has a Plan to Help Victims of Crypto Scams

The popular Ethereum wallet has partnered with recovery specialist Asset Reality.

The popular Ethereum wallet has partnered with recovery specialist Asset Reality.

CoinDesk - Unknown