Quintenz’s Confirmation Vote Delayed Again by Senate Agriculture Committee

Brain Quintenz, nominated by President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), requires approval from the Senate Agriculture Committee for confirmation. His vote has been delayed twice without explanation.

The committee was scheduled to vote on his nomination but postponed it again.
Quintenz's confirmation is crucial as Congress considers legislation to empower the CFTC in regulating U.S. crypto markets.
Current CFTC leadership is unstable, with Commissioner Caroline Pham planning to depart soon after a permanent replacement is confirmed.
If confirmed, Quintenz may become the sole commissioner if other departures occur before his arrival.
Trump’s administration seeks to reshape regulatory agencies, potentially impacting policy decisions at the CFTC.
The House passed the Digital Asset Market Clarity Act, which assigns the CFTC oversight of certain digital assets, but the Senate is formulating its version.
Senate Banking Committee Chairman Tim Scott aims to finalize the bill by September 30, pending Agriculture Committee approval.