American politics is now not just a partisan battle… but also a battlefield between fiat and crypto 🥷
Recently, Donald Trump - the idol of the meme coin community and MAGA enthusiasts - nominated Brian Quintenz as Chairman of the Commodity Futures Trading Commission (CFTC). Notably, he is not an outsider… but a person from the “true crypto camp” 💥
📊 Quick resume overview:
• Currently the global crypto policy head at a16z – a venture capital firm involved in most top crypto projects
• Holds stakes in 3 funds from a16z
• Sitting on the board of Kalshi – the “half crypto half casino” market prediction platform
• Owns at least 3.4 million dollars in assets, mostly related to web3
💡 What does that mean?
A person living in the crypto world, holding overlapping interests in the web3 ecosystem, has been nominated to lead one of the largest financial regulatory agencies in the U.S. – CFTC.
🚨 But wait… is Mr. Quintenz really “playing the role”?
According to published government ethics documents, he pledged: If approved by the Senate, he will resign all positions & sell all crypto assets within 90 days to “avoid conflicts of interest.”
→ It smells very good, but believe it if you want. 🥲
📣 SUSPICION CORNER:
• Is crypto paving the way into the White House?
• Is Trump making this move to win over the web3 community before the election?
• Or is it just a PR stunt for the campaign “I support crypto, while Biden does not”?
😏 It’s still unclear whether Quintenz will take the seat, but the crypto market definitely has an additional valuable political card.
👇 What do you all see from this move? A light opinion on who Trump is “raising a fighting rooster” for?
