PANews reported on February 8 that according to Cointelegraph, Rostin Behnam, who served as chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2021 to 2025, has resigned from his position as a commissioner of the financial regulatory agency without being nominated as a potential successor by President Donald Trump.

In a cross-platform post, Behnam said that February 7 will be his last day at the CFTC after nearly eight years as both commissioner and chair of the regulator. On January 7, Behnam announced that he would step down as chairman on the day of Trump’s inauguration, paving the way for the CFTC to elect Caroline Pham as acting chair.

Since taking office on January 20, Trump has yet to announce any potential replacements for Behnam, leaving the five-commissioner commission split between Republicans and Democrats. There have been reports that the president is considering nominating former CFTC Commissioner Brian Quintenz, but at the time of this article’s publication, the White House has yet to make any official announcements. Under Acting Chairman Pham’s leadership, who has been in office for less than 30 days, the CFTC has announced that it will end its approach to regulation through enforcement and realign its priorities.