Former Coinbase Exec as CFTC Director of Market Oversight

Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC) as per the announcement on Sept. 17.

It was U.S. CFTC Chairman Heath P. Tarbert who announced that Dewitt will now oversee derivatives platforms and swap data repositories, including the evaluation of new platform-traded products.

Prior to serving the CFTC, DeWitt was the vice president and general counsel for business lines and markets at Coinbase. She has been also a partner and portfolio manager at Cadogan Management an asset management firm, also served at GAM in London as a global fund of hedge funds as the portfolio manager GAM Multi-Arbitrage Fund and some other positions.

CFTC Chairman Heath P. Tarbert Tarbert commented on the appointment:

“I am excited Dorothy will soon be joining our team. She brings to the CFTC more than 20 years of private sector experience in the financial services and legal fields. Her strong investment, risk, legal, and compliance background and familiarity with distributed ledger technology, including crypto assets, will be invaluable as the agency looks to develop a holistic approach to regulating 21st century commodities.”