President Donald Trump has selected Brian Quintenz as the next chairman of the Commodity Futures Trading Commission, Bloomberg News reports.
Appointment of Brian Quintenz
Brian Quintenz, a former CFTC commissioner who currently leads cryptocurrency policy at Andreessen Horowitz, is known for his strong support of the cryptocurrency industry.
CFTC's Role in the Crypto Industry
Quintenz's appointment could potentially expand the CFTC’s role in regulating digital assets, an area traditionally overseen by the stricter SEC.
Other Financial Sector Appointments
Trump is also making other appointments: Jonathan Gould has been selected to be Comptroller of the Currency, and Jonathan McKernan will take the helm at the Consumer Financial Protection Bureau. These appointments will likely attract scrutiny from Senate Democrats.
If confirmed, Quintenz could be key to the future of cryptocurrency regulation in the U.S., positioning the CFTC as the industry’s primary regulatory body.
