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Andrew Ferguson, one of two Republican FTC commissioners appointed by US President Joe Biden, will be the next head of the country’s Federal Trade Commission, Donald Trump said Tuesday on social media.
The news was met with relief in some quarters. Current FTC Chairwoman Lina Khan has been blamed by many in Silicon Valley for a dearth of M&A activity, with critics citing the cases the agency brought against big tech companies under her leadership, which began in June 2021.
Khan, whose term ended in September but has remained in the role, sat down with TechCrunch last June, where she addressed some of those critics, saying: “[If]you’re a startup or a founder who’s as keen on an acquisition as an exit, I think the world in which you have six Or seven or eight potential suitors is a better world than one in which you only have one or two.
Trump wrote Tuesday that Ferguson, who was previously a congressional aide and Supreme Court clerk, would be “the most ‘America First’ and most pro-innovation FTC Chairman in the history of our country.”
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