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President Trump has nominated Brian Quintenz, a16z Crypto’s policy chief and a former CFTC commissioner, to lead the agency.
What’s the Scoop?
- Brian Quintenz for CFTC Chair: Trump has nominated Quintenz, who previously served as a CFTC commissioner from 2017 to 2021 and is currently the Global Head of Policy of a16z Crypto.
- Pro-Crypto Shift: This nomination further highlights Trump’s pro-crypto stance and could lead to a huge regulatory shift in what crypto assets are treated as commodities versus securities.
- CFTC Chief Responsibilities: Brain Quintenz will be in charge of managing the day-to-day operations of the agency and the CFTC’s regulatory and enforcement agenda.
Bankless Take
Quintenz’s appointment would mark a major shift for crypto regulation in the U.S. Unlike the SEC’s aggressive enforcement approach, the CFTC has historically taken a more open stance on digital assets. With Quintenz at the helm, the agency could emerge as the industry’s preferred regulator, shifting oversight away from the SEC.
New incoming CFTC chair is posting on
— David Hoffman (@TrustlessState) February 12, 2025Farcaster https://t.co/wLs4ZoIm6m
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