According to BlockBeats, on July 31, the White House reiterated its support for Trump's nomination of Brian Quintenz as chairman of the U.S. Commodity Futures Trading Commission (CFTC). This comes after delays regarding Quintenz's appointment as CFTC chairman, with the Senate Agriculture Committee unexpectedly canceling the nomination vote on Monday. However, the White House made it clear on Wednesday that Quintenz remains the top candidate for the position and is expected to be confirmed quickly.
Quintenz served as a commissioner of the CFTC and is currently the head of policy for the crypto division at the well-known venture capital firm a16z. His name was suddenly removed from the voting list in another meeting of the same committee last week. Although the official reason for the removal was not stated, there is widespread speculation that there may be issues with his nomination.
Yesterday, crypto journalist Eleanor Terrett revealed that the White House postponed the nomination vote for the CFTC chairman, possibly due to concerns that nominee Quintenz's team sought to obtain confidential CFTC information regarding competitors such as Polymarket and PredictIt while he still served as a director at Kalshi, raising issues of potential conflicts of interest.