On the other hand, other parts of the Biden administration have been building bridges. Biden’s Commodity Futures Trading Commission (CFTC) chairman Rostin Benham, for example, put Jason Somensatto, formerly of decentralized exchange developer 0x Labs, in charge of the agency’s financial technology division, LabCFTC. Also, Yellen’s Treasury has focused its fight against ransomware on sanctioning exchanges, and that specificity has come as a relief to many crypto lobbyists.