Essential factors
- Brian Quintenz, who’s concerned within the a16z cryptocurrency, is a powerful candidate for CFTC chairman within the new Trump administration.
- With Paul Atkins nominated as SEC Chairman, the Trump transition crew is anticipated to announce the choice of the CFTC Chairman quickly.
Share this text
President-elect Donald Trump’s transition crew has accomplished interviews for the put up of Commodity Futures Buying and selling Fee (CFTC) chairman, with a16z cryptocurrency coverage director Brian Quintenz the frontrunner for the put up, in response to a brand new report. He has emerged as a candidate. report Bloomberg reported this, citing an individual conversant in the matter.
Quintenz’s background in crypto coverage makes him a powerful candidate for the function, particularly because the CFTC is anticipated to play a key function in regulating digital belongings beneath the incoming Trump administration. is positioned as an individual.
Mr. Quintenz served as CFTC Commissioner within the Obama and Trump administrations, the place he oversaw the implementation of the primary totally regulated Bitcoin and Ethereum futures contracts. He at present advises a16z on cryptocurrency coverage and investments.
supply of knowledge say Quintenz has been working with the Trump transition crew on crypto coverage points in current weeks, collaborating with President Trump’s appointed AI and crypto czar David Sachs. His candidacy is supported by a16z co-founders Marc Andreessen and Ben Horowitz.
With the nomination of Paul Atkins to go the SEC, Trump’s crew could quickly announce its decide for CFTC chairman.
Different candidates are additionally being thought of, together with present CFTC commissioners Summer season Marsinger and Caroline Pham, and former commissioners Joshua Sterling and Neil Kumar.
Share this text
