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Trump taps experienced policy expert to shape US crypto regulation amid leadership change at CFTC.
Key Takeaways
- President Trump plans to nominate Brian Quintenz from a16z as CFTC chair.
- Brian Quintenz has experience with Bitcoin and Ethereum futures regulation at the CFTC.
President Donald Trump plans to nominate Brian Quintenz, the current Head of Policy at a16z crypto, to lead the Commodity Futures Trading Commission, Bloomberg Law reported Tuesday, citing a White House document. The planned nomination has also been revealed by FOX Business journalist Eleanor Terrett.
Although there has been no official statement from the White House, CFTC officials have confirmed the move, according to Terrett.
Quintenz previously served as a Republican commissioner at the CFTC during both the Obama and Trump administrations, where he oversaw the implementation of the first fully-regulated Bitcoin and Ethereum futures contracts. In his current role, he advises a16z on crypto policy and investments.
According to a December report from Bloomberg, Quintenz worked with the Trump transition team on crypto policy matters ahead of Trump’s inauguration, collaborating with David Sacks, Trump’s designated AI and Crypto Czar. His candidacy has received support from a16z co-founders Marc Andreessen and Ben Horowitz.
The White House document also revealed Trump’s plans to nominate Jonathan Gould as Comptroller of the Currency and Jonathan McKernan as director of the Consumer Financial Protection Bureau.
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