Quick take:
- Quintenz emerged as a top contender for the position following Trump’s election win last year.
- Bloomberg reported on Wednesday that Trump is now planning to appoint Quintenz citing a document sent by the White House to Capitol Hill.
- The nomination of Quintenz to head CFTC aligns with Trump’s pro-crypto agenda as he seeks to implement new regulations for digital assets.
Donald Trump will appoint A16z Crypto’s head of Global Policy Brian Quintenz as the new Chair of the Commodity Futures Trading Commission (CFTC).
The report comes as The U.S. President continues to build a crypto-centric team to spearhead the development of new regulations for the industry.
Quintenz previously served as a CFTC commissioner during Trump’s first administration before becoming the head of Global Policy at A16z Crypto. He emerged as a top contender for the position following Trump’s election win last year.
Bloomberg reported on Wednesday that Trump is now planning to appoint Quintenz citing a document sent by the White House to Capitol Hill.
According to the report, CFTC Acting Chair Caroline Pham said in a statement: “I congratulate my friend Brian Quintenz on his selection for CFTC Chairman. I worked with Brian on important initiatives that he led to success when he was a CFTC Commissioner. He will do the same for crypto and innovation. I look forward to supporting Brian and his leadership at the CFTC.”
Quintenz’s nomination further affirms Trump’s commitment to delivering on his pre-election campaign where he promised to make America “the global capital of crypto” by ensuring the creation of a clear regulatory framework for the industry and the formation of a Federal Bitcoin reserve.
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