According to BlockBeats news, on August 8, it was revealed by crypto reporter Eleanor Terrett that the appointment process of Brian Quintenz, the chairman of the U.S. Commodity Futures Trading Commission (CFTC) nominated by Trump, is stalled. Internal emails obtained under the Freedom of Information Act show that Quintenz may have had access to CFTC confidential information during his tenure as a director at Kalshi (a prediction market regulated by the agency). A detailed email blog post on this matter is circulating on Capitol Hill, raising questions about the situation. The White House has requested the Senate Agriculture Committee to postpone the scheduled nomination vote.
At the end of last month, the White House reiterated its support for Trump's nomination of Brian Quintenz as chairman of the U.S. Commodity Futures Trading Commission (CFTC). On July 31, the White House clearly stated that Quintenz remains the only choice for the position and looks forward to his swift confirmation.