The White House is considering Josh Sterling, a former CFTC commissioner and current Jones Day partner, for the role of CFTC chair, according to Semafor.

Sterling served as a CFTC commissioner and brings expertise in financial regulation and derivatives markets to the potential nomination. The agency regulates futures, options, and swaps markets to protect against fraud and manipulation.

The CFTC has taken an increasingly prominent role in overseeing crypto markets, classifying digital assets like Bitcoin as commodities. This has expanded the agency’s jurisdiction over crypto futures trading amid ongoing regulatory boundary discussions with the SEC.