Brian Quintenz, former CFTC commissioner (2017-2021) and current director of crypto policy at a16z, is considered a leading candidate to become CFTC chairman under President Donald Trump. Quintenz has been a vocal advocate for innovation, calling for a more open regulatory framework for digital assets.
Impact on Crypto Market
Quintenz’s appointment could shift the balance of power between the CFTC and the SEC, two agencies vying for the right to regulate cryptocurrencies in the US:
Promoting the role of the CFTC: Quintenz could help the CFTC take a leading role in overseeing crypto, reducing interference from the SEC led by Gary Gensler – who has a hardline stance on cryptocurrency.
Creating regulatory clarity: If appointed, he could help legalize more crypto products, including futures contracts, ETFs, and decentralized trading platforms (DEX).
More friendly towards the crypto industry: With extensive experience at a16z, Quintenz is expected to ease the legal burdens on Web3 projects, paving the way for the development of DeFi and digital assets in the U.S.
👉 If appointed, Quintenz could help shape crypto policy in a more open & friendly direction! 🚀
#DonaldTrump #CFTC #Brianquintenz
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