Key Takeaways
- Brian Quintenz, linked with a16z crypto, is a number one contender for the CFTC chair place beneath Trump’s new administration.
- With Paul Atkins nominated to guide the SEC, it’s anticipated that Trump’s transition staff will quickly announce their decide for the CFTC chair.
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President-elect Donald Trump’s transition staff has wrapped up interviews for the Commodity Futures Buying and selling Fee (CFTC) chair place, and Brian Quintenz, Head of Coverage at a16z crypto, has emerged as a frontrunner for the place, in accordance with a brand new report from Bloomberg, citing folks with data of the matter.
Quintenz’s background in crypto coverage positions him as a robust contender for the function, particularly because the CFTC is predicted to play a key half in regulating digital property beneath the incoming Trump administration.
Quintenz, who beforehand served as CFTC Commissioner throughout each the Obama and Trump administrations, oversaw the implementation of the primary fully-regulated Bitcoin and Ethereum futures contracts. He at the moment advises a16z on crypto coverage and investments.
Sources say Quintenz has been working with the Trump transition staff on crypto coverage issues in current weeks, collaborating with David Sacks, Trump’s designated AI and Crypto Czar. His candidacy is backed by a16z co-founders Marc Andreessen and Ben Horowitz.
Trump’s staff could quickly announce their decide for CFTC chair following the nomination of Paul Atkins as SEC chair.
Different candidates, together with present CFTC Commissioners Summer time Mersinger and Caroline Pham, in addition to former officers Joshua Sterling and Neal Kumar, are additionally into account.
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