The White House has withdrawn its nomination of Ryan Baasch for the position of FTC Commissioner. Instead, Baasch is now set to take on the role of Deputy Director within the National Economic Council. This shift marks a significant personnel move within the Trump administration's regulatory framework. The change in Baasch's assignment redirects his focus from the Federal Trade Commission—a key body overseeing consumer protection and competition issues, including oversight of cryptocurrency market practices—to the economic policy coordination function. Observers in the crypto and fintech sectors are monitoring how this personnel adjustment might influence the regulatory stance on digital assets and blockchain innovation going forward.
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SchrodingerAirdrop
· 6h ago
Oh no, FTC didn't want him anymore, and he turned to the Economic Committee? Is this an attempt to soften regulations or some kind of trick?
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WhaleInTraining
· 7h ago
FTC is gone, replaced by the Economic Committee? Has this guy been sidelined... But on the other hand, staying away from FTC might actually be good for the crypto world?
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MelonField
· 01-07 21:03
Hmm... FTC's position is gone, shifting to the Economic Committee? Feels like they're bypassing crypto regulation.
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HalfIsEmpty
· 01-07 21:01
Speaking of this guy, he was downgraded from the FTC to the Economic Committee. It doesn't seem like a promotion... Could it be that crypto is too sensitive, so they just moved him away?
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DataPickledFish
· 01-07 20:56
Move to a different position to continue harvesting, I've seen through this trick a long time ago.
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ConsensusDissenter
· 01-07 20:56
Withdraw the FTC nomination and transfer it to NEC? What is this implying...
The White House has withdrawn its nomination of Ryan Baasch for the position of FTC Commissioner. Instead, Baasch is now set to take on the role of Deputy Director within the National Economic Council. This shift marks a significant personnel move within the Trump administration's regulatory framework. The change in Baasch's assignment redirects his focus from the Federal Trade Commission—a key body overseeing consumer protection and competition issues, including oversight of cryptocurrency market practices—to the economic policy coordination function. Observers in the crypto and fintech sectors are monitoring how this personnel adjustment might influence the regulatory stance on digital assets and blockchain innovation going forward.