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Donald Trump’s decide to steer the Commodity Futures Buying and selling Fee (CFTC), Brian Quintenz, has revealed a number of ties to the crypto trade amid a workers exodus on the regulator because of the President’s pro-crypto stance.
In a letter launched by the US Workplace of Authorities Ethics on Could 25, Quintenz revealed his positions in crypto and market companies that will fall underneath the CFTC’s regulatory priorities.
One in all his commitments is as a board member for the decentralized betting platform Kalshi, which settled a authorized battle with the CFTC earlier this month. He’s additionally at the moment the top of crypto coverage at Andreessen Horowitz.
Brian Quintenz Will Take Steps To Keep away from Conflicts Of Curiosity In His New Function
Given Quintenz’s roles at Kalshi and Andreessen Horowitz, his portfolio at the moment intersects straight with two essential coverage areas throughout the CFTC – crypto asset regulation and prediction markets.
🚨 Trump’s CFTC decide, Brian Quintenz, discloses $3.4M in belongings — together with investments in crypto & prediction markets.
He says he’ll divest if confirmed as chair. 👀📉 #Crypto #XEP #Trump pic.twitter.com/iXnaW8Llz1
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) Could 28, 2025
Quintenz has already stated that he’ll step down from his position at Andreessen Horowitz if he turns into the following CFTC chair. He additionally outlined steps he’ll take to keep away from any conflicts of curiosity in a Could 21 letter to the CFTC’s Designated Company Ethics Official, John Einstman.
“I cannot take part personally and considerably in any specific matter during which I do know that I’ve a monetary curiosity straight and predictably affected by the matter,” he wrote within the letter.
CFTC Exodus “Not A Nice Scenario”
Quintenz was nominated as new CFTC chair by Trump in February, and is at the moment awaiting Senate affirmation.
That comes amid an exodus of commissioners on the monetary regulator because of issues over Trump’s embrace of the crypto market.
Democrat Commissioner Kristin Johnson introduced on Could 21 that she plans to depart the CFTC later this 12 months. Equally, Commissioners Summer time Mersinger and Christy Goldsmith Romero have additionally stated they might step down on Could 30 and Could 31, respectively.
If the Commissioners step down, it may open up all 4 remaining positions on the CFTC later this 12 months, a scenario that Romero stated is “not an ideal scenario.”
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