CFTC Enforcement Director McDonald to Leave This Week

CFTC gave no reason for McDonald's departure set for Thursday.

Oct 6, 2020 at 2:15 p.m. UTC
Updated Sep 14, 2021 at 10:05 a.m. UTC

The Commodity Futures Trading Commission (CFTC) said on Tuesday Division of Enforcement Director James McDonald will depart the agencyThursday, Oct. 8. McDonald has served as director of Enforcement since April 2017.

  • No reason was given for the departure.
  • McDonald, who has overseen numerous cases involving crypto, said in 2018 the CFTC and his division didn't want to hinder innovation in the crypto space.
  • Vincent McGonagle, principal deputy director of the Division of Enforcement, will serve as acting director.

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