White House Withdraws Brian Quintenz’s Nomination for CFTC Chair
- The White House withdrew Brian Quintenz's nomination as CFTC chair, ending a prolonged selection process.
- Quintenz, previously a Commodity Futures Trading Commissioner, joined Andresseen Horowitz as global head of policy after his term.
- He has supported the crypto industry, proposing a self-regulatory organization like FINRA.
- Gemini founders opposed his nomination, citing concerns over his views and work with Kalshi.
- Quintenz claimed opposition stemmed from his stance on CFTC enforcement actions against Gemini.
- Crypto lobbyists supported Quintenz's nomination, but the Senate postponed votes multiple times.
- The CFTC is currently led by Acting Chairman Caroline Pham, with Congress considering legislation to enhance its role in regulating crypto markets.
