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Former CFTC Acting Chairman Mark Wetjen Appointed President of Backpack US

GateNews
Source: Foresight News

Foresight News reports that the cryptocurrency trading platform Backpack has announced the appointment of former U.S. Commodity Futures Trading Commission (CFTC) Commissioner and Acting Chair Mark Wetjen as President of Backpack US.

Wetjen previously served as the Head of Global Public Policy at the Depository Trust & Clearing Corporation (DTCC) and was an early advocate for establishing clear regulatory frameworks and market infrastructure for the crypto industry. Backpack stated that Wetjen will be responsible for leading the company’s expansion in the United States, focusing on developing compliant products, regulatory cooperation, and market growth to build a compliant on-chain financial infrastructure that connects the crypto market with traditional finance.

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