Brian Quintenz introduced on LinkedIn that he has been
nominated by US President Donald Trump to function the subsequent Chairman of the
Commodity Futures Buying and selling Fee (CFTC). Quintenz beforehand served as a
Commissioner on the company for 4 years.
Quintenz wrote on his put up: “It’s my nice honor to be
nominated by President Trump as the subsequent Chairman of the Commodity Futures
Buying and selling Fee.”
Quintenz Held Crypto Coverage Function at Andreessen
Earlier than this nomination, Quintenz labored at enterprise capital
agency Andreessen Horowitz for over three years. Since December 2022, he has been
the Head of Coverage for crypto on the agency. Earlier than that, he served as an
Advisory Companion for greater than a 12 months.
“I congratulate my buddy Brian Quintenz on his
nomination for CFTC Chairman. I labored with Brian on vital initiatives that
he led to success as a CFTC commissioner. He’ll do the identical for crypto and
innovation,” Caroline D. Pham, Performing Chairman at U.S. Commodity Futures
Buying and selling Fee, wrote on LinkedIn.
CFTC Oversees Derivatives, Regulates Digital Property
Quintenz additionally holds a board place at Kalshi, a regulated occasion
contracts alternate, and was an Advisory Council Member at Crypto.com for one
12 months.
The CFTC oversees derivatives markets, together with futures and
choices, and performs a task in regulating digital property.
Quintenz said: “The CFTC performs a essential function in
sustaining strong hedging and value discovery markets. The company can be effectively
poised to make sure the USA leads the world in blockchain know-how and
innovation.” He added that he seems to be ahead to working with Trump’s
monetary regulatory workforce.
Trump Appoints Mark Uyeda as Performing SEC Chair
In the meantime, the US
SEC has seen a management change below President Trump. Mark Uyeda, a
Republican Commissioner, has been appointed appearing SEC Chairman till Paul
Atkins is confirmed, as reported by Finance
Magnates.
Uyeda, who joined the SEC in 2022 and was re-sworn for a
second time period in 2023, has been essential of former Chair Gary Gensler’s insurance policies,
significantly in regard to crypto. His appointment is anticipated to sign a shift
in the direction of capital formation and innovation, with a possible reversal of
Gensler’s stricter rules as soon as Atkins is confirmed.
This text was written by Tareq Sikder at www.financemagnates.com.
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