Trump Taps Crypto Expert Brian Quintenz for CFTC Chair

Generated by AI AgentCoin World
Tuesday, Feb 11, 2025 9:52 pm ET1min read

President Donald Trump has announced his intention to nominate Brian Quintenz, the current Head of Policy at a16z crypto, to serve as the next Chairman of the Commodity Futures Trading Commission (CFTC). This decision, as reported by Bloomberg Law, is based on a White House document reviewed by Bloomberg News.

Quintenz brings a wealth of experience to the role, having previously served as a Republican commissioner at the CFTC during both the Obama and Trump administrations. During his tenure, he played a pivotal role in the implementation of the first fully-regulated Bitcoin and Ethereum futures contracts. The CFTC, as the primary US regulator for the approximately $400 trillion swaps market and other derivatives, is a critical agency in the nation's financial landscape.

In his current position at a16z, Quintenz advises the firm on crypto policy and investments. His expertise in the crypto space is well-recognized, having worked with the Trump transition team on crypto policy matters ahead of Trump’s inauguration. He collaborated with David Sacks, Trump’s designated AI and Crypto Czar, during this time. Quintenz's candidacy has received support from a16z co-founders Marc Andreessen and Ben Horowitz.

The White House document also revealed Trump's plans to nominate Jonathan Gould as Comptroller of the Currency and Jonathan McKernan as director of the Consumer Financial Protection Bureau. These nominations, along with Quintenz's, are subject to Senate confirmation.