Trump is considering appointing a CFTC chairman who is friendly towards cryptocurrency

ChainCatcher news, according to Cointelegraph, Trump's transition team is considering pro-crypto Summer Mersinger to serve as the chair of the Commodity Futures Trading Commission (CFTC). Mersinger advocates for a more lenient regulatory approach to cryptocurrencies and has criticized the CFTC for handling crypto companies with an "enforcement-first" approach.

Other candidates include former CFTC commissioner Jill Sommers and former official Josh Sterling. This move could impact the regulatory direction of the U.S. crypto market.