Seven major digital asset lobbying groups have sent a letter to President Trump urging him to expedite the confirmation of Brian Quintenz as Chairman of the Commodity Futures Trading Commission (CFTC).
Unified Appeal
On August 20, seven influential digital asset lobbying groups sent a unified letter to President Donald Trump urging him to break the political logjam stalling Brian Quintenz’s confirmation as chairman of the CFTC. The signatories include the Crypto Council for Innovation, Blockchain Association, and others.
Opposition and Industry Split
The nomination process has come under pressure from opposition from influential industry figures. Gemini founders Tyler and Cameron Winklevoss are actively lobbying against Quintenz, arguing that he is not aligned with the administration's agenda. This situation has led to a split in the industry between Quintenz's supporters and his opponents.
Need for a Permanent CFTC Chair
In the letter, lobbyists emphasize that installing a permanent chair is not merely a bureaucratic formality but a fundamental prerequisite for market stability and U.S. competitiveness. With the CFTC expected to take on an expanded role overseeing digital assets, the agency remains leaderless, creating a vacuum at this critical time.
The strong support for Brian Quintenz from leading crypto lobbyists signals the importance of his appointment for further regulation of digital assets in the U.S. His confirmation could prove crucial for the stability and growth of the crypto market.
