The U.S. Commodity Futures Trading Commission is about to drop to a single commissioner when Democrat Kristin Johnson leaves the agency next week, and the only other person waiting in the wings to join the regulator is President Donald Trump’s chairman nominee, Brian Quintenz.

As of Sept. 3, the five-member commission will drop to one, because that’s when Johnson will exit, she said in a Tuesday announcement.

“In advancing an agenda in the name of growth, it is critical not to dismantle the foundational resilience that supports financial stability and protects the broader economy,” she said in a farewell statement encouraging the agency to stick to the fundamentals as new technologies come on board.

Alone at the commissioner level will be Acting Chairman Caroline Pham, a crypto advocate who Trump appointed to run the agency while he sought a permanent chair. Trump’s pick was ultimately former Commissioner Brian Quintenz, who has worked as a policy chief at a16z and for prediction market firm Kalshi. But the White House delayed Quintenz’s confirmation process, leaving it in some uncertainty as the Senate returns from its summer recess next week.

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Author: Jesse Hamilton