Key Takeaways
- President Trump plans to appoint Brian Quintenz from a16z as CFTC chair.
- Brian Quintenz has expertise with Bitcoin and Ethereum futures regulation on the CFTC.
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President Donald Trump has picked Brian Quintenz, the present Head of Coverage at a16z crypto, to steer the Commodity Futures Buying and selling Fee, in response to a White Home doc shared by Unchained.
The nomination has been verified by Bloomberg and FOX Enterprise journalist Eleanor Terrett.” Though there was no official assertion from the White Home, CFTC officers have confirmed the transfer, stated the journalist.
“I congratulate my good friend Brian Quintenz on his choice for CFTC Chairman. I labored with Brian on essential initiatives that he led to success when he was a CFTC Commissioner. He’ll do the identical for crypto and innovation. I look ahead to supporting Brian and his management on the CFTC,” stated Appearing CFTC Chair Caroline Pham in a press release shared by Terrett.
Quintenz beforehand served as a Republican commissioner on the CFTC throughout each the Trump and Biden administrations, the place he oversaw the implementation of the primary fully-regulated Bitcoin and Ethereum futures contracts. In his present function, he advises a16z on crypto coverage and investments.
In response to a December report from Bloomberg, Quintenz labored with the Trump transition staff on crypto coverage issues forward of Trump’s inauguration, collaborating with David Sacks, Trump’s designated AI and Crypto Czar. His candidacy has obtained help from a16z co-founders Marc Andreessen and Ben Horowitz.
The White Home doc additionally revealed Trump’s plans to appoint Jonathan Gould as Comptroller of the Foreign money and Jonathan McKernan as director of the Client Monetary Safety Bureau.
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