U.S. President Donald Trump plans to nominate Brian Quintenz, head of global policy at a16z Crypto, to chair the CFTC. According to a report by Bloomberg today, a document sent by the White House to Congress confirms this decision.
Quintenz served as a CFTC commissioner during Trump’s first term and emerged as a strong candidate to lead the agency last year. Trump’s plan to nominate him as the new chairman of the CFTC is seen as a move that could increase the agency’s role in cryptocurrency regulation.
CFTC Current Chair Pham Congratulates Quintenz
The current chair of the CFTC, Caroline Pham, welcomed Quintenz’s nomination, saying, “I congratulate Brian Quintenz on his selection as CFTC Chairman. We worked together on many important initiatives when he was a CFTC Commissioner, and we achieved successful results. I believe he will continue this success in the crypto and innovation sectors. I look forward to supporting him.”
Kristin Smith, CEO of Blockchain Association, also highlighted that Quintenz’s deep experience in the crypto industry and his background at the CFTC make him the “ideal candidate” to lead the agency.
This nomination is seen as in line with Trump’s pro-crypto policies. The CFTC is expected to strengthen its regulatory role in the industry, and Trump’s appointment of Caroline Pham as the acting chair of the CFTC last month, who has been involved in major crypto initiatives, is also seen as part of this strategy.
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