Jill Sommers, formerly Commissioner of the United States Commodity Futures Trading Commission, joins the Board of Directors of FTX US Derivatives.
In the announcement on Thursday FTX US Derivatives Trading Agency said Sommers has become the latest board member. To increase the company’s governance efforts, Sommers served as commissioner of the CFTC from 2007 to 2013 under former presidents Barack Obama and George W. Bush, and was managing director of the Chicago Compliance Department. Mercantile Exchange
According to Sommers, the FTX US Derivatives aims to be It is “the most regulated digital asset exchange in the world,” she said the board will work closely with regulators. It also recommends discussions with the CFTC and other agencies. within the US government
Zach Dexter, CEO of FTX US Derivatives said, “Adding to Jill’s vast experience in the derivatives business is an invaluable resource for our board of directors. as we explore an evolving digital asset ecosystem and integrate it into a broader financial market structure.”
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