CFTC Appoints Former Coinbase Exec as Director of Market Oversight

Coinbase vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission.

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC).

The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and swap data repositories, as well as other new platform-traded products.

From asset management to market oversight

Prior to joining the CFTC, DeWitt served as vice president and general counsel for business lines and markets at U.S.-based cryptocurrency exchange and wallet provider Coinbase. DeWitt also held positions as a partner and portfolio manager at asset management firm Cadogan Management, and served at asset management group GAM, among other positions.

Commenting on the appointment, Tarbert said:

“I am excited Dorothy will soon be joining our team. She brings to the CFTC more than 20 years of private sector experience in the financial services and legal fields.  Her strong investment, risk, legal, and compliance background and familiarity with distributed ledger technology, including crypto assets, will be invaluable as the agency looks to develop a holistic approach to regulating 21st century commodities.”

CFTC’s recent appointments

DeWitt is not the first Coinbase’s officer who has transitioned to the CFTC. In July, the agency announced that it was hiring Andrew L. Ridenour as senior counsel to the chairman. Ridenour joined the CFTC from Coinbase where he worked as counsel for institutional products.

As Cointelegraph previously reported, Tarbert became chairman of the CFTC in mid-July. His predecessor J. Christopher Giancarlo’s five-year tenure saw the rise of cryptocurrency derivatives as an object of regulatory oversight. 

Widely regarded as the crypto industry’s ally, Giancarlo — known as “Crypto Dad” — superintended the historic launch of regulated Bitcoin futures and advocated for a “do no harm” approach to blockchain regulation in his testimony before the U.S. Congress.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Ana Alexandre

This content is courtesy of, and owned and copyrighted by, and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.