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Brian Quintenz, a one-time commissioner with the Commodity Futures Buying and selling Fee, and Andreessen Horowitz’s head of coverage, will likely be Donald Trump’s option to run the federal commodities regulator.
Quintenz up to now served within the regulator between 2017 and 2021, the place he arranged the Era Advisory Committee. All over his time as commissioner, he mentioned a self-regulatory group explicit to the crypto business may just assist oversee firms.
Since leaving the company, he joined a16z, the place he was the top of coverage. A16z used to be some of the primary funders of Fairshake, a crypto-focused political motion committee which poured just about $140 million into the 2024 election.
Punchbowl Information first reported the nomination.
In a remark, Appearing CFTC Chair Caroline Pham mentioned, “I congratulate my pal Brian Quintenz on his variety for CFTC Chairman. I labored with Brian on vital tasks that he resulted in luck when he used to be a CFTC Commissioner. He’s going to do the similar for crypto and innovation. I stay up for supporting Brian and his management on the CFTC.”
Business teams likewise supported the nomination after information of it unfold. Miller Whitehouse-Levine, the CEO of the DeFi Training Fund, a lobbying staff, mentioned the group seemed ahead to running with him.
“Brian has a protracted observe document of supporting DeFi and advocating for sound insurance policies that may allow DeFi builders and customers to thrive in the USA,” he mentioned in a remark.
In recent times, the business and Congress have driven towards giving the CFTC higher oversight of the business.
Former CFTC Chair Rostin Behnam advocated for making the company a number one marketplace regulator for no less than portions of the business, together with overseeing spot Bitcoin markets.
A invoice, the Monetary Innovation and Era for the twenty first Century Act, would have given the CFTC higher authority over crypto coverage. The Area handed it closing 12 months, nevertheless it didn’t move during the Senate.
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