Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
White House drops Brian Quintenz from CFTC chair consideration

White House drops Brian Quintenz from CFTC chair consideration

Grafa2025/10/01 21:30
By: Mahathir Bayena

The White House has withdrawn Brian Quintenz from consideration to lead the Commodity Futures Trading Commission, according to Politico.

Quintenz, currently policy lead at Andreessen Horowitz (a16z), was nominated earlier this year but his confirmation faced repeated delays.

Concerns raised by Gemini founders Tyler and Cameron Winklevoss over potential conflicts of interest, along with scrutiny over a16z’s lobbying efforts, reportedly played a role in the decision.

A source told The Block that Quintenz was “out” following mounting opposition linked to industry influence concerns.

Quintenz previously served as a commissioner at the CFTC under Donald Trump’s first administration, a move once welcomed by the crypto industry.

The CFTC is set to play a key role in shaping U.S. crypto regulation, with Congress currently drafting legislation to expand its authority.

"Being nominated to chair the CFTC and going through the confirmation process was the honor of my life," Quintenz said. "I am grateful to the President for that opportunity and to the Senate Agriculture Committee for its consideration. I am looking forward to returning to my private sector endeavors during this exciting time for innovation in our country."

His nomination had stalled twice in the Senate Agriculture Committee, with votes canceled at the request of the White House.

The White House has not issued a comment regarding the withdrawal.

Mike Selig, chief counsel to the SEC’s crypto task force and senior advisor to the chair, has emerged as the leading contender for the role, according to a source.

Other names under consideration include Milbank LLP partner Josh Sterling, Baker & Hostetler LLP counsel Isabelle Corbette Sterling, and former CFTC commissioner Jill Sommers.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Exec Forecasts Limited Altcoin Rally

In Brief Zade foresees no widespread altcoin rally due to lack of technological breakthroughs. Market focus is shifting toward discrete, narrative-led growth in specific areas. Crypto investors’ focus on short-term gains challenges long-term project sustainability.

Cointurk2025/10/03 04:45

Trending news

More
1
SEC Fails to Resolve Canary Spot LTC ETF During US Government Shutdown
2
ETHZilla Says It May Deploy Ether to Layer‑2s to Seek Higher Yields Than Staking

Crypto prices

More
Bitcoin
Bitcoin
BTC
$119,943.88
+1.28%
Ethereum
Ethereum
ETH
$4,477.73
+2.06%
XRP
XRP
XRP
$3.02
+1.86%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,095.88
+6.19%
Solana
Solana
SOL
$231.09
+3.04%
USDC
USDC
USDC
$0.9997
-0.03%
Dogecoin
Dogecoin
DOGE
$0.2574
+1.41%
TRON
TRON
TRX
$0.3438
+0.65%
Cardano
Cardano
ADA
$0.8607
+0.67%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter