According to PANews, Brian Quintenz, the nominee for the chairman of the U.S. Commodity Futures Trading Commission (CFTC) nominated by Trump, disclosed that he holds at least $3.4 million in assets and has multiple connections to the crypto industry. Documents show that Quintenz is currently the global head of crypto policy at the venture capital firm a16z and serves on the board of the prediction market platform Kalshi; if his nomination is approved, he will resign from these positions.
Quintenz promised that if appointed, he would avoid regulatory matters related to his former employer for two years, including funds under a16z and operations of the Kalshi platform. The CFTC is currently advancing the development of a regulatory framework for digital assets, which may gain oversight over spot markets such as Bitcoin. The agency has been in turmoil recently due to the collective resignation of four commissioners and the dismissal of a fraud lawsuit against a certain trading platform.
