In appointing Mr. Giancarlo to run the Commodity Futures Trading Commission, which regulates the sort of derivatives trading<br />that spread panic on Wall Street in 2008, the president took another step toward challenging the Obama administration’s legacy on financial regulation.<br />Trump Picks a Regulator Who Could Help Reshape Dodd-Frank Act -<br />By BEN PROTESSMARCH 14, 2017<br />President Trump rounded out his financial regulatory team on Tuesday, announcing plans to select J. Christopher<br />Giancarlo to oversee a lucrative corner of Wall Street that helped unleash the financial crisis.<br />The order directed the Treasury Department to identify whether existing regulations align with the<br />new administration’s goals, including fostering “economic growth and vibrant financial markets.”<br />While the president cannot unwind Dodd-Frank with the stroke of a pen,<br />and while Senate Republicans most likely lack the votes to pass a sweeping overhaul of the law, regulators like Mr. Giancarlo could move to ease some of its rules.
