- President Trump plans to appoint Brian Quintenz as the CFTC Chair.
- Brian Quintenz is crypto policy head at a16z and former commissioner of the CFTC.
The crypto industry is facing multiple reformations at the global leadership level after Trump’s re-election as the 47th US President. From appointing David Sacks as the White House AI & Crypto Czar to forming a Presidential Working Group to evaluate Bitcoin strategic reserve, the crypto industry is gaining unprecedented attention from Trump’s presidency.
As per the recent report by Bloomberg, Donald Trump plans to nominate Brian Quintenz as the chairman of the Commodity Futures Trading Commission. The news came to light as the Bloomberg News verified a document sent by the White House to Capitol Hill.
Quintenz is a seasoned professional when it comes to crypto policies and regulations. He has extensive experience working with the CFTC in the past as a commissioner from 2017 to 2021. Moreover, he currently leads the global crypto policy arm at a16z.
Is Brian Quintenz the Next CFTC Chair?
Being a former commissioner of the CFTC, Quintenz has high chances for getting appointed as the CFTC chairman. Bloomberg mentioned him in one of its reports as the top contender for this position in 2024.
Even though there is no official confirmation from the CFTC or the White House, Bloomberg and Fox business reports confirmed it. Fox Business reporter Eleanor Terrett posted on X stating that three direct sources mentioned that Quintenz will be permanent chair of the CFTC.
The present acting chair of the CFTC, Caroline Pham, stated,
“I congratulate my friend Brian Quintenz on his selection for CFTC Chairman. I worked with Brian on important initiatives that he led to success when he was a CFTC Commissioner. He will do the same for crypto and innovation.”
On another note, the document from the White House also mentioned Jonathan Gould’s nomination as Comptroller of the Currency. Furthermore, it nominated Jonathan McKernan as director of the Consumer Financial Protection Bureau.
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Source: https://thenewscrypto.com/trump-eyes-to-appoint-a16zs-brian-quintenz-as-cftc-chair-says-bloomberg/