Bitget App
Trade smarter
Acheter des cryptosMarchésTradingFuturesEarnCommunautéPlus
White House withdraws Brian Quintenz’s nomination to lead CFTC

White House withdraws Brian Quintenz’s nomination to lead CFTC

Cryptopolitan2025/10/01 05:15
Par:By Nellius Irene

Share link:In this post: The White House has withdrawn Brian Quintenz’s nomination to lead the CFTC. The CFTC plays a key role in regulating the $4 trillion cryptocurrency market. New candidates being considered include Michael Selig, Tyler Williams, Josh Sterling, and Jill Sommers.

The White House has withdrawn Brian Quintenz’s nomination to serve as a board member and chair of the Commodity Futures Trading Commission (CFTC). Politico reported on Tuesday, citing two sources who spoke on condition of anonymity ahead of an official announcement. 

“Being nominated to chair the CFTC and going through the confirmation process was the honor of my life,” Quintenz said. “I am grateful to the President for that opportunity and to the Senate Agriculture Committee for its consideration. I look forward to returning to my private sector endeavors during this exciting time for innovation in our country.”

The development follows recent reports that the White House is considering additional candidates to chair the Commodity Futures Trading Commission, as the confirmation process for Brian Quintenz to lead the regulator had not made significant progress.

As previously reported by Cryptopolitan , Quintenz has encountered a roadblock to his nomination due to political pressure and lobbying from high-profile crypto executives, led by the Winklevoss brothers.

The withdrawal ends a remarkable series of developments for a nominee who was once considered all but certain to be confirmed. The former CFTC commissioner, with experience at venture capital firm Andreessen Horowitz and the prediction market startup Kalshi, had enjoyed strong backing from both the cryptocurrency sector and traditional finance.

See also Trump-backed WLFI allocates 100% of treasury liquidity fees for buybacks and burns

CFTC leadership race heats up as crypto policy stakes rise

The CFTC plays a crucial role in regulating cryptocurrency markets . The Senate Agriculture Committee oversees nominations for the agency, including oversight of digital asset market developments. The agency, which is responsible for overseeing trillions of dollars in swaps trading, is poised to gain more influence over digital assets under legislation being considered in Congress.

Quintenz’s nomination, announced at the beginning of the year, was initially praised by sections of the crypto industry as he already works actively in the industry, being the head of policy at a16z crypto .

The agency, which was designed to be a five-person, bipartisan commission, has been reduced after a string of resignations to just the acting Chairman, Caroline Pham, a Republican whom former President Joe Biden appointed to the commission.

The other top US market regulator, the Securities and Exchange Commission, has had Paul Atkins as its permanent chairman since April.

Crypto heavyweights and new contenders shake up CFTC chair race

In a July call, crypto billionaires Tyler and Cameron Winklevoss urged President Donald Trump to reconsider Quintenz’s nomination to lead the influential Wall Street regulator overseeing the $4 trillion market. The brothers informed Trump that Quintenz was disconnected from the president’s agenda,

Soon after the call, the White House asked the Senate Ag Committee to postpone a scheduled meeting where lawmakers would have likely advanced Quintenz’s nomination to a full-floor vote

At the beginning of September, Quintenz took to social media to suggest that the president “might have been misled” by the twins. He posted screenshots of private messages he claimed to have exchanged with Tyler Winklevoss in late July, before his confirmation hearing was put on hold.

An additional slate of potential candidates to lead the CFTC has emerged, with discussions intensifying in recent weeks. The possible contenders include government officials with a focus on crypto policy.

Earlier reports indicate that Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force, is among the additional candidates discussed for CFTC chair. Initially, he was a partner in Willkie Farr & Gallagher’s asset management practice.

See also Solana developers weigh removing block limits after Alpenglow upgrade

Tyler Williams, counselor to Treasury Secretary Scott Bessent on digital asset policy, is also considered a candidate for the role. He joined the Treasury from Galaxy Digital, a digital assets investment firm.

Josh Sterling, a former CFTC official who is now a partner at the law firm Milbank, and former CFTC Commissioner Jill Sommers are also potential candidates to lead the CFTC.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

0

Avertissement : le contenu de cet article reflète uniquement le point de vue de l'auteur et ne représente en aucun cas la plateforme. Cet article n'est pas destiné à servir de référence pour prendre des décisions d'investissement.

PoolX : Bloquez vos actifs pour gagner de nouveaux tokens
Jusqu'à 12% d'APR. Gagnez plus d'airdrops en bloquant davantage.
Bloquez maintenant !

Vous pourriez également aimer

Les investisseurs institutionnels parient sur un cours de l'or atteignant 5 000 $ l'année prochaine grâce aux tensions budgétaires et à la création m

Partager le lien:Dans cet article : Les investisseurs institutionnels interrogés par Goldman Sachs s'attendent à ce que le prix de l'or dépasse les 5 000 dollars l'once d'ici la fin de 2025. L'or a déjà progressé de 58,6 % cette année et a franchi la barre des 4 000 $ pour la première fois le 8 octobre. Les achats des banques centrales et les tensions budgétaires sont les principales raisons invoquées par les investisseurs pour expliquer la hausse des marchés.

Cryptopolitan2025/11/28 22:06

L'Ouzbékistan légalisera les paiements en stablecoins en janvier.

Partager le lien:Dans cet article : Les stablecoins deviendront un moyen de paiement légal en Ouzbékistan l'année prochaine. Ce pays d'Asie centrale autorisera également les entreprises à émettre des actions et des obligations tokenisées. Les autorités de Tachkent créent un fonds de capital-risque de 50 millions de dollars pour financer les entreprises de la fintech.

Cryptopolitan2025/11/28 22:06

CoinShares demande le retrait de sa demande d'autorisation pour son ETF de staking Solana

Partager le lien:Dans cet article : CoinShares a déposé une demande de retrait de son formulaire S-1 pour un ETF de staking basé sur Solanadestiné au marché américain. La société a également retiré ses demandes d'introduction en bourse pour XRP et LTC, avant leur cotation sur le marché américain. CoinShares reste un leader sur le marché européen, avec un ETP de staking Solana actif.

Cryptopolitan2025/11/28 22:06
CoinShares demande le retrait de sa demande d'autorisation pour son ETF de staking Solana