FINRA appoints former CFTC chair, Robinhood CLO to board

The U.S. Financial Industry Regulatory Authority (FINRA) has appointed former Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam and Robinhood Chief Legal Officer (CLO) Dan Gallagher to its board of governors, The Block reported. They will be responsible for establishing the organization's rules and policies. During his tenure as CFTC chairman, Behnam urged the U.S. Congress to resolve the uncertainty surrounding cryptocurrency regulation. Gallagher has previously been critical of the Biden administration's crypto policies and the enforcement actions of the Securities and Exchange Commission (SEC).