FTX US Derivatives today announced former CFTC Commissioner, Jill Sommers, has joined the Company’s Board of Directors.

Jill Sommers commented on today’s news,

“I am honored to be joining the FTX US Derivatives Board of Directors to advance the mission of reshaping market structure in the United States. The company has been at the forefront of bridging the gap between traditional and digital assets while staying true to its founding principles of transparency and leading the charge toward becoming the most regulated digital asset exchange in the world. I’m excited to join the board as we continue working closely with regulators to further establish FTX US Derivatives as the premier regulated crypto derivatives trading platform.

Ms. Sommers is currently a Senior Advisor to Patomak Global Partners, a member of the board of the Ethics and Compliance Initiative, and a board member of Everybody Wins! DC. Previously, Ms. Sommers was nominated by both President George W. Bush and President Barack Obama, confirmed twice by the United States Senate, and served two consecutive terms as a Commissioner of the Commodity Futures Trading Commission. She ended her six years of service on July 8, 2013.

In addition to her time as the CFTC Commissioner, Ms. Sommers worked in a variety of capacities within the derivatives industry throughout her career, including as Policy Director and Head of Government Affairs for the International Swaps and Derivatives Association (ISDA) and Managing Director of Regulatory Affairs for the Chicago Mercantile Exchange.