Crypto Lobby Rallies Behind Brian Quintenz for CFTC – But Will the Senate Move?
The digital asset associations revealed on Wednesday that a number of key crypto commerce organizations have despatched a letter to U.S. President Donald Trump urging the “expeditious affirmation” of Brian Quintenz as chairman of the Commodity Futures Buying and selling Fee (CFTC).
Crypto Teams Unite to Again Quintenz Nomination
Signed by the Crypto Council for Innovation (CCI), Blockchain Affiliation, Decentralization Analysis Middle, DeFi Training Fund, The Digital Chamber, Satoshi Motion Fund, and the Solana Coverage Institute, the August 20 letter pushes for Quintenz’s “immediate affirmation” to assist “guarantee a golden age for digital property in America.”
“We’re united in our conviction that Mr. Quintenz is uniquely ready to function Chairman of the CFTC at this defining second for America’s monetary markets and digital asset future,” the organizations state.
“The U.S. digital asset business and the CFTC are at a pivotal crossroads when it comes to advancing fit-for-purpose laws that can promote accountable innovation, shield market integrity, and guarantee U.S. financial dynamism and international competitiveness.”
“Mr. Quintenz’s in depth expertise and substantive and technical understanding of blockchains, digital property, and monetary markets make him exceptionally well-suited to guide the CFTC at this vital juncture,” the letter continues.
Senate Delays Heighten Uncertainty Round CFTC Choose
The information of the letter comes amid growing speculation in the crypto community over the delay in Quintenz’s CFTC affirmation, regardless of Trump having tapped the monetary supervisor in February.
Late last month, Politico reported that Gemini co-founders Tyler and Cameron Winklevoss urged Trump to reject Quintenz as CFTC chairman nominee regardless of the previous praising the president’s resolution earlier this 12 months.
“Congratulations Brian,” Tyler stated in a February X submit. “Nicely deserved. Nice selection for crypto and for America.”
A Senate Agriculture Committee vote on Quintenz’s nomination was canned twice in July, resulting in elevated concern over the policy adviser’s potential role in government.
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