The U.S. Commodity Futures Trading Commission (CFTC) is experiencing leadership uncertainty as Acting Chairman Caroline Pham prepares to depart, and the White House has withdrawn support for Trump's nominee, Brian Quintenz. Former CFTC Chairman J. Christopher Giancarlo revealed that the administration is vetting new candidates, including Mike Selig from the SEC. This leadership gap comes at a critical time, as the CFTC is poised to play a significant role in regulating U.S. cryptocurrency markets if pending legislation is approved. The absence of a full commission could hinder the agency's ability to establish stable policies in the rapidly evolving crypto sector.