According to Cointelegraph, former CFTC Commissioner Brian Quintenz has been nominated by President Trump to be the Chairman of the CFTC, with the nomination submitted to the Senate Agriculture Committee. According to the schedule of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, Quintenz will attend a hearing on June 10. With the departure of Summer Mersinger and Christy Goldsmith Romero at the end of May, only two Senate-confirmed members remain out of five CFTC seats. Quintenz's confirmation could lead to a complete overhaul of the CFTC leadership. Former Chairman Rostin Behnam left in February, and current Acting Chair Caroline Pham and Commissioner Kristin Johnson also plan to leave after Quintenz's nomination. Quintenz disclosed cryptocurrency and market company positions valued at approximately $3.4 million before the confirmation hearing, which could constitute a conflict of interest while leading the financial regulatory agency. Trump only nominated Quintenz as a CFTC Commissioner during his latest term, and if Pham and Johnson leave, Trump will have the opportunity to restructure the CFTC. CFTC rules require that no more than three commissioners come from the same political party; Quintenz is a Republican, which means Trump could nominate two Republicans and two Democrats. Pham indicated plans to leave the CFTC for the private sector, while at least one commissioner has explicitly stated they will be more actively involved in cryptocurrency policy advocacy. Mersinger became the CEO of the Blockchain Association on June 2.