Crypto Giants Rally for Quintenz to Shake Up CFTC Leadership

Brian Quintenz Faces Strong Support from Crypto Groups for CFTC Chair Position

On August 20, seven major digital asset advocacy groups joined forces, urging President Trump to advance Brian Quintenz’s nomination as CFTC chair. This united push comes after mysterious opposition and twice-cancelled Senate votes delayed the process.

The coalition includes heavyweights like the Crypto Council for Innovation and Blockchain Association. Their letter aims to unblock a nominations process facing hidden resistance, notably from the Winklevoss twins of Gemini fame.

• thrill
• Bridging political divisions

Quintenz’s previous role as a CFTC commissioner won praise for his insights into blockchain technology.He spearheaded discussions about digital assets and helped introduce the first regulated Bitcoin and Ether futures contracts. this laid crucial groundwork for institutional acceptance of cryptocurrencies.

The groups argue quintenz’s experience is vital for the CFTC’s growing responsibilities. Pending legislation could expand the agency’s oversight of digital asset commodities. Without a permanent chair, the CFTC lacks the direction needed for stable regulation.

According to the Groups, “only a confirmed chairman can forge collaborations, offer clear guidance, and craft robust regulations.” The lobby urges Trump to expedite the Senate confirmation process, emphasizing the importance of steady leadership in this dynamic sector.