The CFTC currently has only one commissioner, Chairman Michael Selig, while the agency traditionally has five commissioners from both parties, the report said. The agency regulates futures, options and swaps markets and also plays a role in cryptocurrency regulation, according to the report.

The vacancies have become a sticking point in negotiations over the Clarity Act, a cryptocurrency market structure proposal, as Democrats have criticized the administration for leaving the CFTC seats open, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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