CFTC

$TRUMP ’s Crypto Commander Takes the Stage: “Blockchain Is Not Just a Technology, It’s a New Civilization!”
The cards are being shuffled again in US politics. Brian Quintenz, who was nominated by Donald Trump to head the #CFTC (Commodity Futures Trading Commission), gave messages that would hit the heart of the crypto world with a bombshell effect. Quintenz, who said “Crypto is here to stay,” became a sign of an era where America’s future is at the center of the digital revolution, not just regulation.
“Crypto Assets Are Not Just Money, They Are Identity, They Are Sovereignty!”
Quintenz, who initially wrote the written format of the Senate Agriculture Committee, greatly expanded the complexity of authority in the markets and clearly declared his good intentions. Quintenz, who previously took over the CFTC administration, then took over as the director of crypto policies at Andreessen Horowitz (a16z), adding, "It's time," said:
"I traveled the world, I saw the weaknesses of the systems. Now there is a need for summary and visionary regulation. We will establish a structure based on clarity and trust, not on evasion of control. I am ready to be the architect of this order."
"Blockchain Surrounds Life Horizontally"
Quintenz said that blockchain is not only in the financial sector, but also has a transformative power that seeps into the area he lives in:
"Blockchain is not vertical, it is an extreme revolution. It will transform everything from education to health, from economy to management. Crypto is the basis of a new society model where the individual takes ownership of his own digital existence."
"America Will Retake the Leadership"
Continuing his statements with determination and protests, Quintenz said, "The USA has to be the leaders of the digital economy." According to him, the current lifestyle is stifling both entrepreneurs and their potential. In the new CFTC period:
Transparency will come to the market,
Entrepreneurs will be given freedom,
America will be the center of Web3.
Change of Duty in a Critical Period: Commissioners Are Leaving One by One
The movement in CFTC Content is striking. In this period when the presidency seat will be clarified, the staff of the institution is shedding leaves:
Caroline Pham announced that she will leave after Brian Quintenz's approval.
Christy Goldsmith Romero left her position on May 31.
Yaz Mersinger became the CEO of the Blockchain Association.
Kristin Johnson will leave at the end of the year.
All these developments are interpreted as news of a major restructuring in the CFTC.

#TrumpTariffs #MarketRebound #BTC110KSoon? #TRUMP

The world of decentralized finance (DeFi) appears to be walking a "legal tightrope" in the fog, but a new bill in the U.S. Congress promises to bring much-needed "clarity." A recent amended version of the Act #CLARITY (247 pages) includes new provisions that could provide long-awaited legal protections for crypto developers, wallet makers, and infrastructure providers.

The CLARITY Act on cryptocurrency market structure has made a significant advance in the U.S. House of Representatives, but still faces considerable challenges. Although it was passed by the House Agriculture Committee with a vote of 47-6, the bill has encountered significant opposition from the Democratic Party in the House Financial Services Committee.
This bill aims to create a legal framework in the United States, regulating most cryptocurrencies under the authority of #CFTC instead of the SEC. This would provide a "lighter" approach to regulating the market. However, issuers can still choose to register with the SEC if they want special privileges, such as selling directly to institutional investors.

Second Major Resignation After SEC Chairman! CFTC Chairman Also Announces He Will Resign! Warned About Bitcoin and Cryptocurrencies!
While US President-elect Donald Trump is expected to take office on January 20, the second major resignation has come after SEC Chairman Gary Gensler.
Speaking to the Financial Times, US Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said he will resign on January 20, the day Donald Trump is sworn in as president.
Although Behnam did not provide a specific reason for his resignation, his resignation statement increased speculation about a possible change under the Trump administration.
Trump is expected to appoint Republican CFTC commissioners Summer Mersinger or Caroline Pham as interim chair to replace Behnam.
He Talked About Bitcoin and Cryptocurrencies!CFTC Chairman Behnam made important statements regarding Bitcoin (BTC) and cryptocurrencies while announcing his resignation to the FT.
Behnam expressed concern about regulatory gaps in the U.S. crypto market, saying cryptocurrencies need to be more tightly regulated.
Behnam, who expressed concern about the inadequacy of regulation of digital assets, including Bitcoin and other cryptocurrencies, said,
“There is still a large part of the cryptocurrency space that is unregulated in the U.S. regulatory system, and given the huge demand for these products by both retail and institutional investors, the adoption of some traditional financial institutions poses a great risk and urgently needs to be filled.”
During his tenure, Behnam made several critical moves, most notably spearheading a $4.3 billion settlement against Binance, the world’s largest cryptocurrency exchange, and emphasizing the CFTC’s role in regulating digital commodities.
While the replacement for CFTC Chairman Rostin Behnam has not yet been announced, Trump has appointed crypto advocate Paul Atkins as the new SEC chairman, replacing SEC Chairman Gary Gensler.
#CFTC #rostinbehnam #TrumpCrypto #cryptomarket #Cryptonews

Donald Trump has taken office as the President of the United States. During the election campaign, he made numerous promises regarding support for the crypto market. These include the creation of a state reserve in bitcoins, simplifying crypto companies' access to banking services, clear regulation of the industry, and much more that, according to him, should make America the 'crypto capital' of the world.

Wave of Resignations at U.S. Financial Regulatory Agencies

Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has announced his resignation, with an official departure date of January 20, coinciding with the inauguration of President-elect Donald Trump. Behnam will completely leave on February 7.

This decision marks the departure of one of the regulators considered unfriendly to the crypto industry, paving the way for the Trump administration to appoint officials more friendly to digital assets at major financial agencies.