The Trump administration has nominated Brian Quintenz, a leader in crypto policy at a16z Crypto, as the first candidate for chairman of the U.S. Commodity Futures Trading Commission (CFTC). According to sources, the Trump team has recently engaged in discussions with Quintenz regarding the CFTC chairmanship.
New CFTC Chairman
As per a Bloomberg report, former Republican CFTC Commissioner Brian Quintenz has been interviewed for the position of chairman of the regulatory agency. Currently, he leads the crypto policy division at Andreessen Horowitz’s digital assets sector, a prominent venture capital firm.
The selected candidate’s team is actively conducting interviews for the CFTC chairmanship, with an announcement expected soon. Republican CFTC Commissioners Summer Mersinger and Caroline Pham are also in the running. Recently, there were rumors about Chris Giancarlo, known as Crypto Dad, potentially taking over as the CFTC’s head, though he denied these speculations.
If Brian Quintenz is elected as CFTC chairman, he could establish a new bridge between traditional finance and digital assets. During his previous term as CFTC Commissioner under the Trump administration, Quintenz advocated for the agency’s adoption of innovative financial services like crypto derivatives and event contracts.
Significant Changes in U.S. Crypto Policy
Recent reports indicate that the Trump administration is moving towards granting the CFTC oversight of the $3 trillion crypto market in the U.S. This proposal focuses on digital assets classified as commodities under current laws, such as Bitcoin 
$99,148 and Ethereum 
$3,892. If implemented, it would grant the CFTC regulatory authority over spot markets and exchanges.
Crypto market watchers anticipate significant shifts in U.S. crypto policy under the Trump administration, with Brian Quintenz expected to play a crucial role as CFTC Chairman. The appointment of crypto-friendly Paul Atkins as chair of the U.S. SEC further signals a favorable environment for crypto innovation.
The crypto industry is demanding clarity from the U.S. Congress and regulators regarding products and services falling under the jurisdiction of the CFTC or SEC. During his campaign, Donald Trump promised to make America the world’s Crypto Capital.
The selection of Brian Quintenz as CFTC Chairman could have profound effects on the regulatory and innovation processes within the crypto markets. This development is viewed as a pivotal step for the crypto sector.
