On June 10, President Donald Trump’s nominee for Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Brian Quintenz, appeared before the Senate Agriculture Committee as lawmakers questioned his past involvement with the crypto industry. The hearing comes amid Trump’s pledge to become the “crypto president”, reshaping U.S. digital asset oversight.
Lawmakers focused on Quintenz’s connections to a16z crypto, the blockchain-focused division of venture capital giant Andreessen Horowitz. After leaving his role as CFTC Commissioner in 2021, Quintenz joined a16z as Head of Crypto Policy. He also served on the Board of KalshiEX, a prediction market exchange, raising further concerns about potential conflicts of interest.
During the hearing, senators pressed Quintenz about his equity in KalshiEX. In response, he pledged to divest his shares if confirmed to lead the CFTC. Quintenz defended his crypto experience, stating it provided “invaluable insights” into the emerging sector.
“Congress should create an appropriate market regulatory regime to ensure that this technology’s full promise can be realized,” Quintenz said. “I am fully prepared to use my experience and expertise to assist in that effort.”
In a critical moment during the hearing, Quintenz underscored the urgent need for regulatory clarity in blockchain and digital assets. He argued that well-structured rules could help individuals truly own their digital intellectual property.
His remarks align with Trump’s broader agenda to revamp U.S. crypto oversight. The Trump campaign has increasingly embraced crypto innovation, with reports of his family launching a crypto enterprise of their own.
Under Trump’s proposed framework, the CFTC would gain expanded authority to regulate digital assets, marking a significant shift from the SEC’s current dominance. The CFTC itself recently acknowledged that existing rules are inadequate for today’s crypto environment and emphasized that most cryptocurrencies should be treated as commodities—not securities.
As the political landscape shifts, the outcome of Quintenz’s nomination could shape how the U.S. governs digital finance in the years ahead.
Brian Quintenz is President Trump’s nominee for CFTC Chairman. His past role as Head of Crypto Policy at a16z crypto and his pledge for clear crypto rules make his confirmation pivotal for U.S. digital asset regulation.
Quintenz strongly advocates for regulatory clarity, believing well-structured rules are crucial for blockchain’s promise and for individuals to truly own digital intellectual property.
Under Trump’s proposed framework, the CFTC would gain increased authority, treating most cryptocurrencies as commodities. This signifies a move towards clearer, more tailored rules for the evolving digital finance landscape.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The live price of the Dogecoin is . Analysts project Dogecoin could reach…
Story Highlights The live price of the LINK token is . Price prediction for 2025…
World Liberty Financial (WLFI), the crypto venture backed by the Trump family, is making headlines…
Coinbase is making another push into traditional finance. The U.S.’s largest crypto exchange has applied…
The U.S.-based asset management company ETF Opportunities Trust has announced a delay in the listing…
As speculation rises over how a U.S. government shutdown might affect crypto ETF approvals, legal…
