Former CFTC Commissioner Brian Quintenz Might Head Agency: Report

Reports have it that former Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz, who is now a16z’s policy head, is being considered by Donald Trump as the next CFTC chair. This suggests another potential major shift in the United States’ crypto regulatory landscape. From CFTC to a16z Based on Quintenz’s pedigree and Donald Trump’s pro-crypto agenda , the president-elect may be on the right path to positioning America’s crypto industry. Before moving to the venture capital behemoth, Andreessen Horowitz, the financial manager, served as a commissioner with the CFTC for four years. He was one of those who supervised the launch of the first regulated futures contracts for Bitcoin and Ethereum. The Georgia University graduate also promoted discussions around Decentralized Finance (DeFi). In his current role, Quintenz oversees the crypto division at a16z as a policy head. He boasts a huge wealth of experience from the private and public sectors. Quintenz Pushes For Robust Crypto Regulations For a long time, especially under Gary Gensler’s administration, the crypto landscape suffered numerous enforcement actions from the US Securities and Exchange Commission. Top cryptocurrency exchanges Binance , Coinbase, Kraken , and Ripple are all victims of the SEC’s perceived hostility toward the crypto industry in America. In his usual outspoken nature, Quintenz consistently reprimanded the agency for its overly restrictive approach. He even pointed out that the crypto landscape needs rules “fit for purpose” to realize its full potential. Once appointed, he could bring the much-anticipated favorable robust crypto regulations to fruition. Quintenz is a Republican Party Member Other potential candidates for the CFTC chair office are current CFTC Commissioners Summer Mersinger and Caroline Pham. Legal experts Joshua Sterling and Neal Kumar are also up for consideration. However, Quintenz has emerged as a frontrunner among all these candidates. Interviews are being concluded, after which the result will eventually be announced. It is worth noting that Brian Quintenz is a core member of the Republican party. While it is not likely that Trump will play the ‘party’ card, being a Republican may be to Quintenz’s advantage. More importantly, his pro-innovation stance complements Trump’s desire to foster a supportive environment for the crypto industry. The post Former CFTC Commissioner Brian Quintenz Might Head Agency: Report appeared first on TheCoinrise.com .