Brian Quintenz: New CFTC Head and Crypto Impact

by A1

3 hours ago

Brian Quintenz, nominated by Donald Trump to head the Commodity Futures Trading Commission (CFTC), sparks active discussions in the crypto community.

Brian Quintenz Nomination

Brian Quintenz previously served as a CFTC commissioner from 2017 to 2021. After his resignation, he joined Andreessen Horowitz as head of crypto policy. His appointment might enhance a crypto-friendly policy in the US.

"Some of those things are true, but if you have well-tailored, appropriately calibrated regulation, it could lead to large, liquid markets with strong integrity."Brian Quintenz

SEC vs CFTC Conflict

The SEC has taken an active regulatory stance on the crypto market, while the CFTC aims to become the sole regulator for US cryptocurrencies. Quintenz's appointment is expected to aid in reconciling differences.

Quintenz’s Crypto Support

Known for his pro-crypto stance, Quintenz’s nomination as CFTC chair is seen as a significant event for the crypto sector. Ripple's CEO has endorsed his candidacy, noting its key role in robust market regulation.

The CFTC plays a vital role in ensuring the US has the most robust capital markets in the world — congrats Brian Quintenz on your nomination!Brad Garlinghouse

Brian Quintenz's appointment as the CFTC chair could significantly bolster the crypto market's position in the US and improve regulatory collaboration.

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