Andrew Ferguson, one among two Republican FTC commissioners appointed by U.S. President Joe Biden, would be the nation’s subsequent FTC chairman, new President Donald Trump introduced on social media Tuesday.
The information is greeted with aid in some quarters. Present FTC Chair Lina Khan has been blamed by many in Silicon Valley for the dearth of M&A exercise, with critics citing the antitrust instances the company has introduced in opposition to massive tech corporations below its administration, which started in June 2021.
Khan, whose time period expired in September however remained in workplace, sat down with TechCrunch final June, the place she addressed a few of these critics, saying: “[If] If you happen to’re a startup or a founder seeking to make an acquisition as an exit, I feel a world wherein you’ve gotten six, seven or eight potential suitors is a greater world than one wherein you solely have just one or two.
Ferguson, who beforehand served as a congressional aide and Supreme Court docket clerk, can be “essentially the most American and pro-innovation FTC chairman in our nation’s historical past,” Trump wrote Tuesday.
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