Biden administration to tap Emory Law professor for CFTC seat -source

Reuters

Published Sep 02, 2021 03:09PM ET

Updated Sep 02, 2021 03:20PM ET

By Chris Prentice

WASHINGTON (Reuters) - The Biden administration is expected to tap Kristin Johnson, a law professor at Emory University, for a Democratic seat on the Commodity Futures Trading Commission, according to a source familiar with the matter.

The Commodity Futures Trading Commission, which oversees derivatives markets, currently only has three members on what is typically a five-person commission. It is expected to be a key regulator as the administration under President Joe Biden heightens oversight of Wall Street.