Multiple cryptocurrency and blockchain associations are pushing for the swift confirmation of Brian Quintenz as the chairman of the U.S. Commodity Futures Trading Commission (CFTC).
In a letter to U.S. President Trump on Wednesday, representatives of these crypto organizations reiterated their support for Quintenz's nomination and Senate confirmation.
The letter is signed by the Crypto Innovation Committee, Blockchain Association, and others.
These groups stated that Quintenz, due to his experience and understanding of digital assets, is "very well-suited" to lead the CFTC.
He was nominated in February of this year and was referred to the Senate Agriculture Committee, but was delayed a few days before the recess.
The committee stated that the delay was requested by the White House. The August report also mentioned that the co-founder of Gemini hopes Trump will reconsider the nomination.
The letter points out that the CFTC has important goals in promoting the structure of the digital asset market and collaborating with Congress, with Quintenz as the key permanent chairman of the CFTC.
Even if Quintenz is swiftly confirmed after the Senate reconvenes on September 3, the agency still has vacancies that could affect its work. Currently, the five-member commission has only two acting chairs and members.
Senator Cynthia Lummis stated that a bill potentially signed before 2026 will clarify the CFTC's role in cryptocurrency.
