The future leadership of the United States Product Future Trade Commission (CFTC), which already faced four outputs of the commissioner in 2025, stays in the balance after the White House retained the nomination of Brian Quintenz.
On Tuesday, Quintenz, former commissioner and policy head of the Andreessen Horowitz cryptographic division, confirmed that the White House had retired its nomination as president of CFTC more than seven months after it was officially announced. The withdrawal occurred after the reports that suggested that the co -founders of Gemini Cameron and Tyler Winklevos, both donors and supporters of the president of the United States, Donald Trump, had been pressing the White House to reconsider Quintenz.
Even in the middle of delays for consideration in the United States Senate and the Winklevosses opposition reports, many defense organizations for the Crypto and Blockchain industry continued to press so that Trump stayed with Quintenz to lead the CFTC.
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Representatives of the Crypto Council for Innovation, the Blockchain Association, the Decentralization Research Center, the Defi Education Fund, the Digital Chamber, the Satoshi Action Fund and the Solana Policy Institute said in August that Quintenz was “exceptionally adequate” to direct the agency.
“Although we are disappointed [Quintenz] It will not be the next leader there, we are sure that the administration will nominate someone with the experience and experience to take the agency to the next generation of regulation efforts with innovation and consumption, “said the CEO of the digital camera Cody Carbone to Cointelegraph.
Among the possible reported nominees to replace Quintenz were Michael Selig, main lawyer for the Crypto task force of the Securities and Securities Commission (SEC); Tyler Williams, advisor to the United States Secretary of the United States, Scott Besent; Financial Services consultant and former CFTC Jill Sommers commissioner; The president of the National Administration of the Credit Union, Kyle Hauptman, and Milbank’s partner Josh Stirling.
Cointelegraph contacted Gemini to comment, but had not received an answer at the time of publication.
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The CFTC faces a shortage of leadership, imminent departure
Since September 3, after the departure of Commissioner Kristin Johnson, the interim president of CFTC, Caroline Pham, has been considered the only chief of the agency. Pham said in May that he planned to move to the private sector after the Senate had confirmed to Quintenz, which means that whoever Trump chooses as a replacement will probably have a significant influence on basic products and cryptography policy.
The US stock and values ​​commission. UU. (SEC), another significant financial regulator, also has little personal. The regulator has had at least one empty seat in its panel of five commissioners after the departure of Jaime Lizárraga in January.
Until Wednesday, Trump had not yet presented a name to occupy a seat for the commissioner of the Democratic sec. The United States government closed at midnight on Tuesday after Republican and Democratic legislators did not reach an agreement on a financing bill.
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