U.S. CFTC executive director Ian McGinley will resign on the 17th local time

PANews reported on January 11 that according to CoinDesk, Ian McGinley, executive director of the U.S. Commodity Futures Trading Commission (CFTC), will resign on the 17th (local time). Ian McGinley joined the agency in February 2023, and a month later, the CFTC sued Binance and then-CEO Changpeng Zhao for violating U.S. commodity laws. During his tenure, he also oversaw enforcement efforts against collapsed global platform FTX, which he said was the largest dollar recovery for victims in the CFTC’s history. The agency has since taken action against projects such as KuCoin and Falcon Labs.