Donald Trump has designated Brian Quintenz as his selection for the position of leader at the Commodity Futures Trading Commission. Quintenz is currently expected to turn into the next head of the CFTC, awaiting official endorsement.
He is a staunch advocate for the potential of electronic money, and he’s not shy about it.
From the latter part of 2021 to the close of 2022, he was consulting for Crypto.com, so he’s well-versed in the intricacies of the crypto sphere. Toncoin (TON) Value Forecast for March 26th
Even Kris Marszalek, the head of Crypto.com, was supporting him when he was put up for consideration.
As early as 2021, The New York Times stated that Andreessen Horowitz (a16z) was planning to be a major participant in the crypto market.
Quantz became a crypto policy consultant at a16z in 2021, eventually rising to the position of their head of crypto policy.
Back in 2017, at a gathering in New York, he discussed how Bitcoin could transform the ownership and transfer of digital holdings.
In his concluding remarks as a CFTC Commissioner in 2021, he stated he would continue to champion innovation in crypto and DeFi, underscoring the liberty and affluence they could generate.
A year later, he forecast that blockchain could reshape not only finance, but the entire manner in which we conduct commerce.
## What’s Coming?
And it appears the crypto sector is fully backing him.
Given the Republicans’ dominance in the Senate, his appointment is likely to be approved.
Initially, it will be presented to the Senate Committee on Agriculture, Nutrition, and Forestry for assessment and a decision. Subsequently, it will proceed to the entire Senate for a conclusive vote. The CFTC supervises numerous financial derivatives connected to agriculture, so this committee’s participation is logical.
Kristin Smith, the Blockchain Association’s leader, noted in an announcement that Quintenz’s real-world background in the virtual currency space and his profound grasp of the U.S. Commodity Futures Trading Commission (CFTC) render him a superb choice to preside over the organization. This corresponds flawlessly with President Trump’s anticipations for the advancement of virtual currency within the United States.
Andrew Flanagan serves as a market news journalist, adding to DL News. Should you possess any news tips, kindly forward them through email to [email protected].
