On February 26, 2025, I announced that I will step down from the Commission and retire from federal service. My final day at the Commission will be May 31.
It has been a tremendous honor to conclude my 23 years of federal service at an agency with such an important mission to ensure that financial markets perform their critical role in the U.S. and global economies. At my confirmation hearing, I testified that my highest priority would be to ensure that markets work well. During my tenure, derivatives markets experienced significant growth, while remaining resilient and financially stable through times of market stress and volatility. For that, I am most proud of the CFTC’s work. I am also proud of the CFTC’s work to strengthen customer protection and market integrity. I want to recognize the wonderful CFTC staff who are dedicated public servants, especially the Division of Enforcement, who worked with me to strengthen market integrity and protect customers.
I wish to also recognize the members of the CFTC Technology Advisory Committee, which I sponsored, for their landmark reports and public forums on future of finance issues. I reconstituted membership on TAC to focus on responsible innovation and emerging technology, adding well-regarded experts in artificial intelligence, cybersecurity, digital assets, and FinTech. Under my sponsorship, TAC released landmark reports on Responsible AI in Financial Markets and on Decentralized Finance, and sponsored public forums on AI, cybersecurity, blockchain, digital identity, and digital assets.
It has been a privilege and joy to work with my fellow Commissioners. The same is true of my current and former staff in my office whose intellect, professionalism, and deep caring about the financial system and all who benefit from it were evident every day of their service.
Finally, I am grateful to President Biden for my multiple nominations, to the U.S. Senate for my two unanimous confirmations, and to the four Presidents under which I served.
