The agency could become essential to regulate the crypto if politicians hold promises to obtain regulatory clarity.
Brian Quintenz is currently responsible for the policy for A16Z Crypto
(CFTC)
Posted on February 11, 2025 at 9:44 p.m. HNE.
President Donald Trump The candidate to direct the CFTC is Brian QuintenzWHO conduit Politics at A16Z Crypto and was previously commissioner of the agency, according to a document from the White House seen by Unchained.
He should be an ardent defender of the industry in the post and someone who will encourage him to supervise the CFTC mainly rather than by the dry.
“Brian has a long period to support DEFI and defend solid policies that will allow developers and users of DEFI to prosper in the United States,” said Miller Whitehouse-Levine, CEO of the DEDUCTION FUND. “We are impatient to work with the CFTC under its direction to guarantee that America regains its position at the forefront of financial innovation.”
A great victory for the crypto
Quintenz, who was a commissioner from 2017 to 2021, was reliably and sustained frank in industry, despite Trump’s skepticism at the time.
While in the CFTC, it was often covered Alongside the SEC Commissioner, Hester Peirce, who is affectionately called “cryptographic mom”, like another of the greatest defenders of a clearer regulation of the crypto and what favored innovation. He has also repeatedly called upon the industry to create its own self-regulation organization in order to avoid application measures and also suggest feasible railing.
“I would say that the community meets and tries to form a kind of independent regulatory organization, surveillance and teeth, which can apply certain rules, which can add credibility to the market”, explain at CNBC in 2018.
Find out more: before the hearing hearings, the industry is divided on the political strategy
The most important regulatory agency in the crypto?
The agency for which he used to work and is now ready to direct, could become a key player in cryptographic regulation.
If the recently transferred Pro-Crypto congress adopts the legislation on the market structure which gives surveillance the CFTC, it will be up to Quintenz to direct the creation of interpretation rules describing how the agency will be carried out on such Laws.
Asset would have Hears (thanks to a potential crypto market structure bill adopted by the congress) to encourage the expansion of the CFTC surveillance authority to the crypto and to reduce the power of the dry, which was hostile to The industry starting in Trump’s first term and even more during the Biden administration under the leadership of President Gary Gensler.
The cryptography industry, which mainly argued President Trump, was pressure for the CFTC Outsiigh Authority of Crypto in several years, in addition to asking for more clearer daycare in the United States.
Incoming cryptographic legislation
Last week, David Sacks, the crypto of President Trump and the AI tsar, held a press conference alongside members of the Congress, including Senator Tim Scott, the representative French Hill (the head of the Services Committee financiers of the room), Senator John Boozman and the representative GT Thompson. They announced their intention to work on a bill on the structure of the cryptographic market. (Representative. Hill declared on the Podcast Unchained in July that the legislation on the structure of the market would be one of the first two bills he would try to go through the committee.)
Sacks also announced a joint working group between the Chamber and the Senate which would collaborate in cryptographic legislation in order to maintain American competitiveness.
Find out more: The representative French Hill says that he would investigate the Choke Point 2.0 operation as president of the financial services
Quintenz connections
The founder of A16z, Marc Andreessen, would have had Trump’s ear throughout the campaign and transition process, and probably pleaded for Quintenz, according to sources. Andreessen is part of a group of opinion leaders from Silicon Valley who have become more and more conservative in recent years, which also includes bags. He is sure to assume that Quintenz’s favorability among this group played a role in his appointment, said three sources close to Quintenz.
Andreessen did not immediately respond to requests for comments.
Quintenz is also part of the board of directors of the Kalshi prediction market platform which, although not a crypto company itself, is one of the main competitors of the prediction market based on blockchain, A Trump favorite.
Although some have already assumed that Quintenz’s link with Kalshi could be considered a negative by Trump, two sources explained later that Kalshi’s rivalry with Polymarket was probably insignificant during his consideration for the role.
The biggest question would be Kalshi’s legal battle with the CFTC, three regulatory experts who spoke to Unchained explained. Quintenz will probably be required to recuse yourself from CFTC questions concerning Kalshi, leaving conservatives only two votes on such questions.
However, KALSHI’s prosecution of the CFTC to find out if these markets can legally accommodate Paris markets on the elections – an action which would probably have been examined and approved by its advice to see the agency. Donald Trump Jr. also joined Kalshi as a strategic advisor last month, strengthening the links between the company and the new presidential administration.
The Trump administration did not immediately respond to a request for comments.
Read the complete white house document here.
Update of Tuesday, February 11, 2025, 10:07 pm HE: Unchained has updated the story to include the White House document.
Update Wednesday February 12, 2025 12:19 pm HE: Unchained has updated this story with the comments of the DEFI education fund.
