Key Takeaways
- President Trump plans to appoint Brian Quintenz from a16z as CFTC chair.
- Brian Quintenz has expertise with Bitcoin and Ethereum futures regulation on the CFTC.
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President Donald Trump plans to appoint Brian Quintenz, Head of Coverage at a16z crypto, to steer the Commodity Futures Buying and selling Fee, Bloomberg Legislation reported Tuesday, citing a White Home doc reviewed by Bloomberg Information.
Quintenz beforehand served as a Republican commissioner on the CFTC throughout each the Obama and Trump administrations, the place he oversaw the implementation of the primary fully-regulated Bitcoin and Ethereum futures contracts. The CFTC serves as the first US regulator for the roughly $400 trillion swaps market and different derivatives.
In his present position, Quintenz advises a16z on crypto coverage and investments. In accordance with a December report from Bloomberg, he labored with the Trump transition workforce on crypto coverage issues forward of Trump’s inauguration, collaborating with David Sacks, Trump’s designated AI and Crypto Czar. His candidacy has acquired assist from a16z co-founders Marc Andreessen and Ben Horowitz.
The White Home doc additionally revealed Trump’s plans to appoint Jonathan Gould as Comptroller of the Forex and Jonathan McKernan as director of the Shopper Monetary Safety Bureau.
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