President-elect Donald Trump is reportedly considering Perianne Boring, the CEO of the Chamber of Digital Commerce, for the position of Chair of the Commodity Futures Trading Commission (CFTC). According to Fox Business, sources close to the situation suggest that Boring’s ability to communicate complex financial topics to the public, along with her public appeal, makes her an attractive candidate for the role.
While Boring is a strong contender, she is not the only one under consideration. Other notable names in the running for the CFTC chairmanship include Summer Mersinger and Caroline Pham, both of whom currently serve as Commissioners at the agency. Additionally, Jill Sommers, a former CFTC Commissioner and the current leader of the derivatives practice group at Patomak Global Partners, is another potential candidate. Neal Kumar, a former special counsel to the CFTC and co-head of the commodities and derivatives practice at Willkie Farr and Gallagher, is also being considered for the role.
Boring’s candidacy is notable, particularly due to her leadership at the Chamber of Digital Commerce. Under her guidance, the Chamber has been a vocal advocate for the digital assets industry. Earlier this year, Boring opposed proposed legislation from Senators Elizabeth Warren and Sherrod Brown, which aimed to subject the crypto industry to anti-money laundering regulations that are typically applied to traditional financial sectors. Boring even penned a letter urging Senator Brown to reconsider the bill, arguing that it could hinder the growth of the crypto space.
Boring has also made headlines for her bold predictions about the future of Bitcoin. In 2023, she forecasted that Bitcoin could reach a price of $1 million by 2029, citing growing adoption and a supply-demand imbalance as key drivers for its price surge.