Brian Quintenz Pledges to Tackle Crypto Regulation if Approved by Senate
The post Brian Quintenz Pledges to Tackle Crypto Regulation if Approved by Senate appeared first on Coinpedia Fintech News
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.
Why Brian Quintenz Is Under the Spotlight
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.”
- Also Read :
- Coinbase CEO Backs GENIUS Act as U.S. Stablecoin Vote Nears
- ,
Quintenz Backs Clear Rules for Crypto Markets
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.
What’s Next for U.S. Crypto Regulation?
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.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
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.
GameStop Upsizes Convertible Senior Notes Offering From $1.75B to $2.25B
The post GameStop Upsizes Convertible Senior Notes Offering From $1.75B to $2.25B appeared first on...
U.S. SEC Postpones Verdict on Dogecoin, Hedera, Avalanche Spot ETFs
The post U.S. SEC Postpones Verdict on Dogecoin, Hedera, Avalanche Spot ETFs appeared first on Coinp...
Ripple vs SEC Update: Mutual Request to End Injunction and Release $125M Penalty
The post Ripple vs SEC Update: Mutual Request to End Injunction and Release $125M Penalty appeared f...