Prez Trump Plans to Appoint Quintenz as CFTC Chair: Reports

President Donald Trump has chosen Brian Quintenz arsenic the adjacent president of the Commodity Futures Trading Commission (CFTC), according to Bloomberg News. Quintenz, who presently leads crypto argumentation astatine task superior elephantine Andreessen Horowitz (a16z), is well-known for his beardown enactment of the cryptocurrency industry.

Quintenz, a erstwhile CFTC commissioner, played a cardinal relation successful shaping blockchain and crypto policies. His appointment could grow the CFTC’s relation successful regulating integer assets, an country traditionally overseen by the stricter SEC.

Trump is besides stirring up a fuss with different fiscal appointments. Jonathan Gould, a partner at Jones Day, was selected to beryllium Comptroller of the Currency, which monitors nationalist banks. 

At the aforesaid time, Jonathan McKernan, who near his presumption with the Federal Deposit Insurance Corp. (FDIC) earlier this month, volition instrumentality the helm astatine the Consumer Financial Protection Bureau (CFPB). Senate Democrats volition apt scrutinize both appointments.

Caroline Pham, the acting CFTC chair, welcomed Quintenz’s nomination, saying helium would beryllium a champion for responsible financial innovation. But the White House has not made an official statement.

If confirmed, Quintenz could beryllium cardinal to the future of crypto regularisation successful the U.S., laying the groundwork to marque the CFTC the industry’s superior regulatory body.

Also Read: CFTC Plans CEO Forum for Crypto Pilot Program