whitehouse

Washington Seeks New CFTC Leadership
The confirmation of Brian Quintenz, Donald Trump’s original nominee for chair of the Commodity Futures Trading Commission (CFTC), has stalled — and the White House is now turning to fresh names. According to journalist Eleanor Terrett, two serious contenders are Jill Sommers and Kyle Hauptman, both known for their pro-crypto stance.

The Fall of Brian Quintenz
Quintenz, a former CFTC commissioner and current head of policy at a16z crypto, was initially welcomed as a seasoned insider. But his chances began to fade in July after reports surfaced that Tyler Winklevoss, co-founder of Gemini, personally asked Trump to halt the confirmation. The Winklevoss twins, major donors to Trump’s campaign, allegedly leveraged their influence, citing years of legal disputes their company faced under the Biden administration.
Quintenz tried to defend himself on social media, hinting that Trump may have been misled by lobbying pressure. Still, his nomination has lost momentum, prompting the White House to widen the shortlist.

New Faces: Sommers and Hauptman
Jill Sommers, who served as a CFTC commissioner between 2007 and 2013, is closely tied to former SEC chair Paul Atkins, with whom she worked at the consulting firm Patomak Global Partners. With her extensive regulatory background and strong Washington network, she is seen as a consensus candidate capable of bridging divides.
Kyle Hauptman, currently chair of the National Credit Union Administration (NCUA), also brings strong market experience. As a senior vice president at Jefferies, he traded U.S. Treasuries and futures, giving him both regulatory and Wall Street credentials.

Other Names in the Mix
Beyond Sommers and Hauptman, several other candidates are reportedly under review:
Mike Selig, SEC attorney and head of the agency’s crypto task forceTyler Williams, Treasury Department official and digital asset policy specialist, formerly with Galaxy DigitalJosh Sterling, partner at Milbank law firm and former CFTC official
Crypto Regulation at a Crossroads
The CFTC is in the spotlight as pending legislation could expand its oversight of cryptocurrency markets. The agency, however, urgently needs leadership following a wave of resignations this year.
In recent months, the CFTC has taken steps viewed as favorable to the industry, such as allowing foreign exchanges to serve U.S. clients under its “crypto sprint” initiative and exploring rules to permit spot crypto trading on registered futures exchanges.
A pro-crypto chair could accelerate this momentum. Yet critics warn of regulatory capture — where regulators become too closely aligned with the industries they oversee. Heavy lobbying and campaign contributions from crypto executives, they argue, raise real risks of conflicts of interest.

If the White House moves ahead with pro-crypto leadership at the CFTC, it could mark a turning point in U.S. digital asset regulation. But the line between innovation and industry influence may become dangerously blurred.

#CFTC , #CryptoRegulation , #whitehouse , #TRUMP , #USPolitics

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The United States is moving toward a major milestone in digital asset regulation. According to Patrick Witt, Executive Director of the White House Council of Advisors on Digital Assets, the Crypto Market Structure Bill is expected to be finalized and signed into law by the end of 2025.

A legislative marathon in full swing
Speaking at the Impact Conference during Korea Blockchain Week 2025, Witt said his team is working closely with both the House of Representatives and the Senate to ensure the proposal reaches President Donald Trump’s desk as soon as possible.
“We’re unlocking what we can, serving as referees when there’s a deadlock, and stepping in when necessary,” Witt explained. “We respect the process, but we’re optimistic we’ll get it done by the end of the year.”
The Crypto Market Structure Bill encompasses several separate proposals that will be merged into one comprehensive framework. Key elements include:
The CLARITY Act, passed by the House in July with bipartisan supportThe Responsible Financial Innovation Act of 2025, introduced earlier this month by Senate RepublicansA clear division of oversight responsibilities between the CFTC and SEC in regulating cryptocurrencies
This effort builds on the GENIUS Act, passed earlier this year, which laid the foundation for stablecoin regulation.

Full speed ahead
According to Witt, the White House aims to create an environment that will bring crypto companies back to U.S. soil after many moved abroad due to previous regulatory barriers.
“The United States is open for business, and in crypto we’re moving full speed ahead,” Witt stressed. “We want to bring back as many of these companies as possible that were pushed overseas by actions of the previous regime.”

Open dialogue with the crypto industry
Witt added that the White House is committed to close engagement with innovators. “When we meet these companies, we gain a better understanding of what’s happening in real time. That allows us to make positive and informed decisions,” said Harry Jung, Deputy Director of the Presidential Council of Advisors on Digital Assets.

If the timeline holds, the United States could enter a new era by year’s end, with digital assets finally governed by a clear, comprehensive regulatory framework — integrating crypto into the official financial system.

#whitehouse , #Cryptolaw , #TRUMP , #CLARITYAct , #GENIUSAct

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The U.S. White House is scheduled to release a significant crypto policy report tomorrow, September 23, 2025. This report is expected to provide detailed guidance on cryptocurrency regulation, including the roles of the SEC and CFTC, stablecoin licensing, and oversight mechanisms under the GENIUS Act. Additionally, it may shed light on the government's plans for its digital asset reserves, potentially elevating Bitcoin's status as a national asset.
Market reactions are already underway, with Bitcoin's price experiencing volatility. Currently, BTC is trading at $112,731, reflecting a slight decline of 2.48% from the previous close. Analysts suggest that a positive outcome from the report could propel Bitcoin above the $123,000 mark.
Given the potential market-moving nature of this announcement, investors and traders are advised to stay informed and prepared for possible volatility in the crypto markets.#MarketPullback #whitehouse #BTC走势分析 #ShariaEarn #BNBBreaksATH

When Donald Trump entered the White House in January 2017, he brought with him a style of leadership unlike any of his predecessors. As the first U.S. president without prior political or military experience, Trump’s term at 1600 Pennsylvania Avenue marked a dramatic shift in both tone and policy. His presidency was defined by bold rhetoric, controversial executive orders, trade wars, and an unfiltered approach to communication — especially via social media.

The White House during Trump's administration became a focal point of global attention, political polarization, and nonstop media coverage. From historic summits with North Korea to the handling of the COVID-19 pandemic, his decisions often drew strong reactions from both supporters and critics. Yet despite the controversy, Trump maintained a fiercely loyal base and left behind a political movement that continues to shape U.S. politics today.

His time in the White House wasn’t just a presidency — it was a cultural shift that challenged institutions, redefined populism, and tested the limits of executive power.

#DonaldTrump #WhiteHouse #TrumpEra #USPolitics #Presidency

David Sacks, special White House adviser on cryptocurrencies and artificial intelligence, has come under scrutiny after Senator Elizabeth Warren and several lawmakers questioned whether he exceeded the legal time limit of his temporary government role.

Allegations and Response
Sacks serves as a Special Government Employee (SGE), a role capped at 130 working days per year under federal law to prevent conflicts of interest. Warren and her colleagues sent him a letter noting that since President Donald Trump’s inauguration on January 20, 167 working days have passed. To remain within the limit, Sacks would have had to take at least 37 days off.
However, Sacks’ spokesperson stated on Wednesday that he carefully tracks his service days and has not exceeded the limit. He also stressed that these days do not have to be consecutive.

Concerns About Conflicts of Interest
Lawmakers argue that Sacks is deeply invested in crypto and AI companies. Through his venture fund Craft Ventures and other holdings, they claim he has direct financial interests in the very industries he influences as a government adviser.
According to Warren’s letter, the White House waived certain ethical restrictions to allow Sacks to keep these investments during his tenure. This raises concerns that his decisions could be motivated more by personal gain than public service.

Sacks’ Background and Warren’s Criticism
Appointed at the end of 2024, Sacks’ arrival was met with enthusiasm from the crypto industry, which hoped for pragmatic policymaking ahead of the 2026 midterm elections.
Earlier this year, Sacks claimed he had sold all his crypto holdings before Trump’s inauguration. Warren, however, challenged this claim and on March 6 requested documentation proving he no longer owns digital assets.
In her latest letter, the senator warned that Sacks’ business ties and proximity to Trump may mean that private individuals directly profit from White House digital asset policies.

What Comes Next
Lawmakers are now demanding that Sacks provide full financial disclosures to the Office of Government Ethics and clearly outline his SGE status. His tenure could spark a broader political debate on ethics and transparency at the intersection of technology, business, and government power.
The case of David Sacks highlights how, even as the U.S. seeks a path toward crypto and AI regulation, trust and conflicts of interest remain at the center of the debate.

#whitehouse , #DavidSacks , #ElizabethWarren , #USPolitics , #AI

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“