Former CFTC Commissioner Mark Wetjen joins MIH

Mark Wetjen, former Commodity Futures Trading Commission (CFTC) commissioner, has been roped in by Miami International Holding (MIH). MIH is the famed group behind LedgerX, one of the most popular crypto derivatives exchanges in the world.

Mark Wetjen will be heading the important Miami International Futures Exchange. This vital arm of MIH serves as the epicenter of its U.S. operations. And he doesn’t hold just one position in the renowned exchange. MIH has also given him two more titles, including the ‘executive regulatory liaison officer’ and the executive vice president of innovative and futures products.

Mark Wetjen joining MIH means a lot to the crypto industry

The crypto industry is grappling with regulatory issues across the globe. So, when an important figure like Mark Wetjen, with decades of experience in the government sector, joins the MIH group, it certainly means a lot. He can bring in his vast experience and help contribute to the local crypto industry’s development.

Barbara Comly of MIH says that the strategic and visionary approach of Mark Wetjen will add to the MIH’s wealth of knowledge. They will be able to offer improved investment products and many new asset class offerings.

Financial veterans can help steer the crypto industry

Currently, Mark Wetjen will be joining the board of Ledger Holdings Inc., which is the parent company of LedgerX. He joined the board in 2015 itself which include two more members from the MIH side. It is well-known that the MIH board has always been chaotic and been accused of unethical practices that led to the ouster of two of its founding members. Recently, Zach Dexter joined as the new Chief Executive Officer of LedgerX.

Former President Barack Obama appointed Mark Wetjen as CFTC commissioner and he held the position from 2011 to 2015. Then he went on to play a different role as the managing director of the Depository Trust and Clearing Corporation.

Featured Image by Pixabay