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Category: CRYPTO NEWS
The post President Trump picks a16z’s Brian Quintenz as permanent CFTC chair appeared on BitcoinEthereumNews.com. Brian Quintenz is returning to the Commodity Futures Trading Commission (CFTC), but this time, he’s taking the top job. President Donald Trump has chosen the former CFTC commissioner and Andreessen Horowitz (a16z) policy head to lead the agency, according to a White House document sent to Capitol Hill today. The White House document also confirmed that pro-crypto Jonathan Gould is set to be nominated as Comptroller of the Currency, while Jonathan McKernan has been tapped to lead the Consumer Financial Protection Bureau (CFPB). Quintenz, who served as a Republican CFTC commissioner during Trump’s first term, was also always pro-crypto, but he left the agency to join a16z in 2020. Acting Chair Caroline Pham took over in January after Trump appointed her as interim head, and she is now backing Quintenz’s selection. “I congratulate my friend Brian Quintenz on his selection for CFTC Chairman,” she said in a statement. “I worked with Brian on important initiatives that he led to success when he was a CFTC Commissioner. He will do the same for crypto and innovation. I look forward to supporting Brian and his leadership at the CFTC.” Under Pham, the agency has been working on a digital asset markets pilot program focused on tokenized non-cash collateral like stablecoins. The program is set to be discussed at an upcoming CEO Forum featuring Circle, Coinbase, Crypto.com, MoonPay, and Ripple. “I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Pham said in a press release on Feb. 7. “The CFTC is committed to responsible innovation. I look forward to engaging with market participants to deliver on the Trump administration’s promise of ensuring that America leads the way on economic opportunity.” The CFTC’s Global Markets Advisory Committee (GMAC) has been pushing for integration of blockchain technology in finance, and last year,…
2025-02-12T04:36:25+00:00