According to a White House certificate shared by UNCAED, President Donald Trump plans to choose the current policy chairman Brian Quintenz’s current policy -making transactions Trade Commission (CFTC). While the White House has not yet made an official statement on the subject, Fox Business reporter Eleanor Terret said that CFTC officials confirmed the appointment.
Brian Quintenz previously served as a republican commission member at CFTC from 2017 to 2021 and played an important role in the inspection of the initiation of Bitcoin and Ethereum futures contracts.
Quintenz’s term as president and commissioner will end on April 13, 2029 after rumors that Trump evaluated Quintenz among other candidates in December. Meanwhile, Rostin Behnam will serve as Vice President instead of Christy Goldsmith Romero.
Temporary CFTC President Caroline Pham praised the decision taken with correspondent Eleanor Terrett and said, ım I worked together with Brian and CFTC commissioner. He will do the same for crypto and innovation. ” he said.
What does Brian Quintenz leadership mean for the crypto market?
Brian Quintenz leads the crypto policy in the venture capital company Andreessen Horowitz (A16Z) and has a good understanding of the functioning of the crypto industry. After leaving the CFTC, Quintenz joined Andrelesen Horowitz in December 2022, led to policy work in crypto investments. His work in A16Z involved lobbying for a more pronounced regulatory environment for digital assets, and he usually emphasized the need for rules that did not prevent blocky innovation in the USA.
A16Z Crypto, Solana, Uniswap, Story, Lido, Optimism, Farcaster and Eigenlayer, the crypto branch of the venture capital company, has active investments in a portfolio. Instead of the sanction approach through this regulation, it will help in making policy making by correctly understanding the requirements of the crypto industry.
If approved, Quintenz’s leadership in CFTC can signal a change towards a more pronounced and innovation -friendly crypto regulatory environment. Brian Quintenz will serve as an important connection between digital assets and traditional finance. His previous attitudes show that he can print for more clarity in the derivative markets for digital assets and potentially pave the way for expanded institutional participation in crypto -term transactions and other financial vehicles. The appointment of Quintenz will also coincide with the wider plans of Trump administration in reshaping financial control. Trump is expected to nominate Jonathan Gould as a currency supervisor and Jonathan McKernan as the Manager of the Consumer Protection Bureau, which gives him a print signal to remove the regulation in more than one financial sectors.
