Brian Quintenz announced on LinkedIn that he has been
nominated by US President Donald Trump to serve as the next Chairman of the
Commodity Futures Trading Commission (CFTC). Quintenz previously served as a
Commissioner at the agency for four years.
Quintenz wrote on his post: “It is my great honor to be
nominated by President Trump as the next Chairman of the Commodity Futures
Trading Commission.”
Quintenz Held Crypto Policy Role at Andreessen
Before this nomination, Quintenz worked at venture capital
firm Andreessen Horowitz for over three years. Since December 2022, he has been
the Head of Policy for crypto at the firm. Before that, he served as an
Advisory Partner for more than a year.
“I congratulate my friend Brian Quintenz on his
nomination for CFTC Chairman. I worked with Brian on important initiatives that
he led to success as a CFTC commissioner. He will do the same for crypto and
innovation,” Caroline D. Pham, Acting Chairman at U.S. Commodity Futures
Trading Commission, wrote on LinkedIn.
CFTC Oversees Derivatives, Regulates Digital Assets
Quintenz also holds a board position at Kalshi, a regulated event
contracts exchange, and was an Advisory Council Member at Crypto.com for one
year.
The CFTC oversees derivatives markets, including futures and
options, and plays a role in regulating digital assets.
Quintenz stated: “The CFTC plays a critical role in
maintaining robust hedging and price discovery markets. The agency is also well
poised to ensure the USA leads the world in blockchain technology and
innovation.” He added that he looks forward to working with Trump’s
financial regulatory team.
Trump Appoints Mark Uyeda as Acting SEC Chair
Meanwhile, the US
SEC has seen a leadership change under President Trump. Mark Uyeda, a
Republican Commissioner, has been appointed acting SEC Chairman until Paul
Atkins is confirmed, as reported by Finance
Magnates.
Uyeda, who joined the SEC in 2022 and was re-sworn for a
second term in 2023, has been critical of former Chair Gary Gensler’s policies,
particularly in regard to crypto. His appointment is expected to signal a shift
towards capital formation and innovation, with a potential reversal of
Gensler’s stricter regulations once Atkins is confirmed.
This article was written by Tareq Sikder at www.financemagnates.com.
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