The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.

In an October interview with Bloomberg Television, Behnam said the agency has been “stretched thin” in keeping up with new assets, including cryptocurrencies, following a court decision that legalized using derivatives contracts to bet on election outcomes. The agency is complying with that decision even as it appeals the ruling, the chair said.

CFTC Chair Rostin Behnam will resign on the same day as the SEC’s Gary Gensler. Behnam’s departure paves the way for a pro-crypto CFTC chief

CFTC Chair Rostin Behnam will join SEC Chair Gary Gensler in stepping down on Jan. 20, marking the beginning of a new era in crypto regulation under Donald Trump 2.0.