Trump Plans to Appoint Andreessen Horowitzs Quintenz as CFTC Chair
- Donald Trump plns to ppoint Brian Quintenz s CFTC chir, signling pro-crypto rgultory shift.
- Quintenz, formr CFTC commissionr nd 16z policy hd, could influnc crypto-frindly finncil policis.
- Trumps brodr finncil rshuffl includs Jonthn Gould for Comptrollr nd Jonathan McKernan for CFPB.
US Prsidnt Donald Trump is rportdly gring up to ppoint Brian Quintenz s th nxt chir of th Commodity Futurs Trding Commission (CFTC). Quintenz, currntly hd of policy for th crypto rm of vntur cpitl gint Andreessen Horowitz (16z), is xpctd to bring pro-crypto stnc to th rol.
Th rport, first rvld by Bloombrg on Fbrury 12, stts tht documnt ws snt to th Whit Hous nd Cpitol Hill dtiling Trumps intntions. If confirmd, Quintenz will likly push for policis tht fvor th intgrtion of cryptocurrncy into th trditionl finncil systm. His bckground s formr Rpublicn commissionr of th CFTC btwn 2016 nd 2020 givs him dp undrstnding of th gncys rol nd influnc.
A Crypto-Friendly Regulator in the Making
During his first tnur t th CFTC, Quintenz strongly dvoctd for th inclusion of digitl sst drivtivs nd crypto-bsd finncil products. His pst support suggsts tht undr his ldrship, th CFTC could ply pivotl rol in shping how cryptocurrncis r rgultd in th Unitd Stts.
Andreessen Horowitz, th firm whr Quintenz currntly lds policy, is on of th most influntil vntur cpitl firms in th crypto industry. Th firm hs bckd mjor projcts lik Mkr (now Sky), Soln, Avlnch, Aptos, EignLyr, Lido, Nnsn, OpnS, nd Coinbs. With his dp connctions in th industry, Quintenz could mk th CFTC ky lly for th crypto sctor.
His potntil ppointmnt is lrdy gnrting xcitmnt mong industry ldrs. Acting CFTC Chir Crolin Phm xprssd hr nthusism, rclling ky inititivs sh succssfully workd on longsid Quintenz during his prvious tim t th gncy. Blockchin Assocition CEO Kristin Smith lso prisd th dcision, clling Quintenzs rl-world xprinc in crypto mjor dvntg for th rol.
Trumps Wider Regulatory Shakeup
Byond th CFTC, Trumps rcnt nomintions signl brodr strtgy to rshp finncil ovrsight. Th sm documnt tht rvld Quintenzs ppointmnt lso includd two othr ky picks. Jonathan Gould, prtnr t th globl lw firm Jons Dy, hs bn nomintd s th Comptrollr of Currncy. If confirmd, h will ovrs th rgultion of ll U.S. ntionl bnks.
Additionlly, Trump hs slctd Jonathan McKernan s th nw prmnnt hd of th Consumr Finncil Protction Buru (CFPB). McKrnn rsignd from th Fdrl Dposit Insurnc Corp (FDIC) on Fbrury 11, pving th wy for his nw rol t th CFPB.
With ths ppointmnts, Trump pprs to b ssmbling finncil tm tht ligns with his drgultory pproch. If Quintenz tks ovr t th CFTC, it could mrk mjor victory for th crypto industry, stting th stg for mor fvorbl rgultory trtmnt. Whthr this mov will gin full pprovl rmins to b sn, but for now, th crypto world is wtching closly.
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Read more: https://www.tronweekly.com/trump-plans-to-appoint-quintenz-as-cftc-chair/
Text source: TronWeekly
