White House Rescinds Brian Quintenz CFTC Nomination: Report
The White House has formally rescinded its nomination of a16z coverage head Brian Quintenz to the position of Commodity Futures Trading Commission (CFTC), per a Politico report printed Tuesday.
White House Withdraws CFTC Chair Offer
According to the September 30 report, two nameless sources confirmed to the media outlet that Quintenz’s nomination had been withdrawn forward of a proper public announcement.
“Being nominated to chair the CFTC and going by means of the affirmation course of was the honour of my life,” Quintenz mentioned in a press release. “I’m grateful to the President for that chance and to the Senate Agriculture Committee for its consideration.
“I’m trying ahead to returning to my personal sector endeavors throughout this thrilling time for innovation in our nation,” he added.
News of the White House’s resolution to drag Quintenz’s nomination follows studies that Gemini co-founders Tyler and Cameron Winklevoss pressed U.S. President Donald Trump to not go ahead with the previous CFTC commissioner’s affirmation course of.
On September 10, Quintenz took to social media to allege that the Winklevoss twins made an enchantment to U.S. President Donald Trump to have Quintenz’s nomination “paused.”
In a message change with Winklevoss shared by Quintenz, the longtime crypto donor mentioned considerations over the CFTC’s June 2025 criticism in opposition to Gemini concerning investigative misconduct.
“I consider these texts make it clear what they had been after from me, and what I refused to vow,” Quintenz mentioned. “It’s my understanding that after this change, they contacted the President and requested that my affirmation be paused for causes apart from what’s mirrored in these texts.”
Several names have been circulating within the press as potential replacements to lead the federal regulator in latest weeks, together with former CFTC official Josh Sterling, National Credit Union Administration (NCUA) Chair Kyle Hauptman and former CFTC commissioner Jill Sommers.
However, it stays to be seen simply who will go on to spearhead the CFTC beneath Trump’s second time period.
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