Crypto Feud: Trump’s CFTC Chair Nominee Accuses Tyler Winklevoss Of Interfering With Confirmation

President Trump’s decide for Chairman of the Commodity Futures Trading Commission (CFTC) has accused the founders of crypto trade Gemini of interfering together with his affirmation course of following a key dialog from two months in the past.

CFTC Nominee Shares Texts With Gemini Founders

On Wednesday, CFTC Chairman nominee Brian Quintenz shared personal messages with Tyler and Cameron Winklevoss, suggesting that the crypto trade co-founders contacted the US President to pause his affirmation listening to again in July.

In the X publish, Quintenz said, “I’ve by no means been inclined to launch personal messages. But in gentle of my help for the President and perception that he may need been misled, I’ve posted right here the messages that embody the questions Tyler Winklevoss requested me pertaining to their prior litigation with the CFTC.”

The textual content messages, dated July 24 and 25, confirmed that the Gemini co-founder requested Quintenz’s opinion on the crypto trade’s 13-page grievance letter to the CFTC’s Inspector General, Christopher Skinner, elevating a number of issues and complaints concerning the company’s Division of Enforcement (DOE) conduct towards the crypto trade over time.

The letter accused the DOE workers of waging a “trophy-hunting lawfare” marketing campaign based mostly on “fabricated” statements and unfairly weaponizing the Commodity Exchange Act (CEA) towards the crypto trade for seven years.

In 2022, the CFTC sued Gemini, claiming that the trade issued “false and deceptive statements” concerning its actions to stop market manipulation in Bitcoin (BTC) costs in 2017. However, Gemini Trust agreed to pay $5 million to the CFTC to resolve the allegations in January 2025.

Trump’s chair decide dedicated to “having a good and cheap evaluation of the matter and the division and people concerned to find out in the event that they acted inappropriately,” however asserted that “the implications of and options to this, nonetheless, must be unequivocally left to a totally confirmed chair.”

According to the message thread, Winklevoss was finally “disillusioned and shocked” with Quintenz’s response, noting that “Cultural reform, which incorporates rectifying what occurred to us, must be the very best precedence.”

Crypto Feud Halts Quintenz’s Confirmation

The CFTC nominee affirmed that “these texts make it clear what they had been after from me, and what I refused to vow,” including, “It’s my understanding that after this trade they contacted the President and requested that my affirmation be paused for causes aside from what’s mirrored in these texts.”

As reported by Bitcoinist, the regulatory company has been in a management limbo after the US Senate Agriculture Committee delayed the vote on President Trump’s nominee for CFTC chairman days earlier than the August recess.

The committee reportedly had delayed the vote following a request from the White House. According to a number of experiences, Tyler and Cameron Winklevoss had allegedly pressed President Trump in July to rethink his CFTC nominee, claiming that Quintenz wouldn’t “shake up the CFTC sufficient” and was not “aligned with Trump’s agenda.”

Anonymous sources declare that there was regulatory chaos on the Commission “because the company’s obligations, and the potential market dangers, are multiplying,” Bloomberg wrote final month.

With the commissioner’s scarcity and Quintenz affirmation nonetheless pending, it has allegedly been troublesome to hold out important company enterprise. However, a White House spokesperson denied the claims that the company was in disarray.

In August, a bunch of crypto organizations despatched a letter to the US President in help of Quintenz, emphasizing that putting in a everlasting chairman is “completely important” to attain the Commission’s objectives.

“Mr. Quintenz possesses a singular capability to advance sound and clear regulation that may foster accountable progress and innovation,” the letter mentioned, “He is, fairly merely, the correct individual on the proper time to steer the CFTC.”

President Trump’s chair nominee asserted on X that “defending the President and his agenda are extra essential than any job,” concluding that “transparency and integrity are paramount” to attain this.