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The digital asset associations disclosed on Wednesday that several prominent cryptocurrency trade organizations have addressed a letter to U.S. President Donald Trump advocating for the “swift confirmation” of Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC).
Crypto Organizations Collaborate to Support Quintenz Nomination
Signed by the Crypto Council for Innovation (CCI), Blockchain Association, Decentralization Research Center, DeFi Education Fund, The Digital Chamber, Satoshi Action Fund, and the Solana Policy Institute, the letter dated August 20 calls for Quintenz’s “immediate confirmation” to help “secure a prosperous era for digital assets in America.”
It is my great honor to be nominated by President @realDonaldTrump as the next Chairman of the Commodity Futures Trading Commission, where I had served as a Commissioner in his last administration. The @CFTC plays a critical role in maintaining robust hedging and price discovery…
— Brian Quintenz (@BrianQuintenz) February 12, 2025
“We are united in our belief that Mr. Quintenz is exceptionally qualified to serve as Chairman of the CFTC at this crucial time for America’s financial markets and the future of digital assets,” the organizations assert.
“The U.S. digital asset sector and the CFTC are at a significant crossroads regarding the development of appropriate regulations that will foster responsible innovation, safeguard market integrity, and ensure U.S. economic vitality and global competitiveness.”
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“Mr. Quintenz’s extensive background and in-depth technical knowledge of blockchains, digital assets, and financial markets render him particularly well-equipped to lead the CFTC at this vital moment,” the letter adds.
Senate Delays Increase Uncertainty Surrounding CFTC Nominee
The announcement of the letter arises amid escalating speculation within the crypto community regarding the postponement of Quintenz’s CFTC confirmation, despite Trump having selected the financial manager in February.
At the end of last month, Politico reported that Gemini co-founders Tyler and Cameron Winklevoss urged Trump to dismiss Quintenz as the CFTC chairman nominee, despite the former expressing approval of the president’s choice earlier this year.
“Congratulations Brian,” Tyler stated in a February X post. “Well deserved. Great choice for crypto and for America.”
A Senate Agriculture Committee vote on Quintenz’s nomination was postponed twice in July, raising further concerns about the policy adviser’s prospective role in government.
The post Crypto Lobby Rallies Behind Brian Quintenz for CFTC – But Will the Senate Move? appeared first on Cryptonews.
