CFTC’s Christy Goldsmith Romero to be nominated as FDIC chair

President Joe Biden will nominate Christie Goldsmith Romero to serve as Chairman and Member of the White House Federal Deposit Insurance Corporation. He said Thursday.

If confirmed by the Senate, she will succeed Martin Gruenberg, who will step down after leadership Federal Deposit Insurance Corporation (FDIC). About 10 years in two periods. He came under pressure after the Wall Street Journal found years of a toxic workplace culture at the FDIC, including sexual harassment and other forms of misconduct. She was confirmed by the Senate to her current role at the Commodity Futures Trading Commission (CFTC) and her previous role at the Treasury Department.

Earlier this week, the Wall Street Journal reported that the White House was close to nominating Goldsmith Romero, a Democratic member of the CFTC, for the role at the Federal Deposit Insurance Corporation (FDIC), which regulates U.S. banks and insures their deposits.

Goldsmith Romero was sworn in as Commissioner of the Commodity Futures Trading Commission (CFTC) in 2022 after being unanimously confirmed by the Senate. Prior to that, she served as Special Inspector General for the Troubled Asset Relief Program after being nominated by President Barack Obama and then confirmed by the Senate in March 2012.

She also served on the staff of the US Securities and Exchange Commission during the financial crisis.

From 2019 to 2012, Goldsmith Romero was an adjunct professor at Georgetown University Law Center and the University of Virginia School of Law, where he taught courses in securities regulation, cryptocurrency regulation, and federal oversight.

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