Donald Trump taps crypto advocate a16z’s Brian Quintenz for CFTC leadership
Donald Trump taps crypto recommend a16z’s Brian Quintenz for CFTC management Donald Trump taps crypto recommend a16z’s Brian Quintenz for CFTC management
Trade leaders relieve Brian Quintenz's nomination, highlighting his past efforts at the CFTC and most likely to revamp crypto oversight.
CFTC / Public Area. Remixed by CryptoSlate
Donald Trump has reportedly selected Brian Quintenz, the newest Head of Coverage at a16z Crypto, to lead the Commodity Futures Trading Price (CFTC), Fox Industry journalist Eleanor Terret reported on Feb. 12.
If confirmed, Quintenz will replace performing Chair Caroline Pham.
Who's Quintenz?
Quintenz, who served as a CFTC commissioner from 2017 to 2021, performed a key characteristic in advancing technological oversight at the company. He chaired the Technology Advisory Committee and supported the theory of a self-regulatory physique for the crypto sector.
After leaving the Price, he joined a16z Crypto, the establish he has been instrumental in shaping coverage systems. Particularly, a16z is a main crypto-centered endeavor capital firm and used to be a main monetary power in the 2024 election, contributing $47 million to Fairshake and varied political organizations.
His nomination indicators Trump’s broader design to redefine monetary regulation, namely in the crypto and derivatives markets.
Have to peaceful Congress pass market constructing regulations granting more authority to the CFTC, Quintenz will most likely be responsible for drafting interpretive tips that form how the company enforces these novel guidelines.
Particularly, the crypto enterprise has long advocated for CFTC oversight, arguing that it would possibly possibly well well well supply a more innovation-pleasant regulatory methodology than the US Securities and Change Price (SEC).
Trade reaction
Even supposing the White House has yet to officially remark Quintenz’s nomination, key enterprise figures devour already instructed it.
Coinbase CEO Brian Armstrong and varied crypto leaders devour welcomed the decision and expressed self perception in his ability to lead the company.
Crypto attorney Jeremy Hogan emphasized that the CFTC Chair could change into more influential in crypto regulation than the SEC’s management and called Quintenz a solid replace for the Price.
Hogan mentioned:
“The top of the CFTC will, at final, most likely be more main to the crypto location than the head of the SEC. And Brian Quintez is a right ‘A!'”
Within the meantime, finance lawyer Scott Johnsson highlighted Quintenz’s characteristic in launching CME Bitcoin Futures, which paved the type for Space Bitcoin ETFs. In accordance with him, this reinforces self perception in his ability to handbook the company successfully.
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Oluwapelumi values Bitcoin's most likely. He imparts insights on a selection of issues delight in DeFi, hacks, mining and culture, underlining transformative vitality.
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Coinbase
Coinbase is a digital currency exchange and pockets provider that enables participants to aquire, sell, and retailer digital currencies, similar to Bitcoin, Ethereum, and Litecoin.
Brian Armstrong, co-founder and CEO of Coinbase, stands at the forefront of the digital currency revolution.
Donald John Trump used to be born on June 14, 1946, in Queens, New York Metropolis.
Caroline Pham is an American regulatory genuine and attorney serving as the Appearing Chair of the U.S.
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