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The Wall Street Journal: Trump taps J. Christopher Giancarlo to lead CFTC

WASHINGTON — President Donald Trump on Tuesday picked J. Christopher Giancarlo to head the Commodity Futures Trading Commission, elevating a critic of the commission’s approach to postcrisis rules as its new chief.

As the top U.S. regulator of derivatives, Giancarlo is expected to adopt a more industry-friendly approach than his predecessors during the Obama administration. The commission’s sole Republican at the moment, Giancarlo began serving as its acting chairman the day of Trump’s inauguration on Jan. 20.

If confirmed by the Senate as full-time chair, Giancarlo, 57, will have the power to overhaul his agency’s trading rule book for swaps, the financial instruments blamed for deepening the 2008 meltdown.

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