WASHINGTON–NCUA Chairman Kyle Hauptman is reportedly among the candidates being considered to become the new chair of the Commodity Futures Trading Commission (CFTC).
Several sources, including journalist Eleanor Terrett in a posting on X, have said Hauptman is among the leading candidates for the post, after the nomination of Brian Quintenz stalled in the Senate.
Hauptman’s term at NCUA, where he is the lone board member while the case of fired board members Todd Harper and Tanya Otsuka remains in the courts, has expired, but Hauptman had earlier said he plans to serve until a replacement could be named.
There is already some concern within the credit union community that NCUA could be eliminated by the Trump Administration and swept into the FDIC, although some in Congress and Treasury have said there are no plans for doing so.
Before joining the NCUA board in 2020, Hauptman served as Sen. Tom Cotton’s (R-AR) advisor on economic policy, as well as Staff Director of the Senate Banking Committee’s Subcommittee on Economic Policy. Previously, Hauptman was SVP at Jefferies & Co. and was with Lehman Brothers as a bond trader in New York City as well as in their international offices in Tokyo and Sydney.
Also Under Consideration
Hauptman isn’t alone in being considered for the CFTC post. Reports have also indicated that Jill Sommers, who previously served as a CFTC commissioner, is also in the running.
Both Hauptman and Sommers are considered to be pro-crypto, which aligns with a priority of the Trump administration.
