Crypto Advocate Brian Quintenz Renominated as CFTC Chairman
Brian Quintenz, a known advocate for cryptocurrencies, has been renominated as the new CFTC chairman by the U.S. President. If confirmed, he will succeed Rostin Behnam and bring a potentially warmer stance towards digital assets.
Quintenz, who previously served as a CFTC commissioner from 2017 to 2021, sees the CFTC as well-positioned to lead the U.S. in blockchain technology and innovation. His nomination could signal a shift in the U.S. regulatory approach towards cryptocurrencies, which had been cooler under the previous administration.
Quintenz's experience extends beyond his time at the CFTC. He is known for his role in the crypto-friendly predictive markets platform Kalshi and is described by Matt Hougan, Chief Investment Officer of Bitwise, as a staunch supporter of Decentralized Finance (DeFi). Quintenz announced his renomination via Farcaster, a decentralized social media platform built on Ethereum.
Quintenz's renomination comes after a previous attempt in 2017, which was withdrawn due to opposition from figures like the Winklevoss twins. If confirmed by the Senate this time, his appointment could significantly influence the U.S. regulatory landscape for cryptocurrencies.
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