Brian Quintenz, a single commissioner of the Basic Products Future Trade Commission, and Andreessen Horowitz policy, will be the choice of Donald Trump to administer the federal regulator of basic products.
Quintenz previously served in the regulator between 2017 and 2021, where he organized the Technology Advisory Committee. During his time as commissioner, he said that a specific self -regulating organization of the cryptographic industry could help supervise companies.
Since the agency left, he joined A16z, where he became the Chief of Policy. A16Z was one of Fireshake’s main financiers, a political action committee focused on cryptocurrencies that virtue about $ 140 million in the 2024 elections.
PunchBowl News first reported the nomination.
In a statement, the interim president of CFTC, Caroline Pham, said: “I congratulate my friend Brian Quintenz for her selection for the president of CFTC. I worked with Brian in important initiatives that led to success when she was a CFTC commissioner. He will do the same thing By Crypto and Innovation.
The industry groups also supported the nomination after news was extended. Miller Whitehouse-Levine, the CEO of the Defi Education Fund, a lobbying group, said the organization hoped to work with it.
“Brian has a long history of supporting Defi and advocating solid policies that allow Defi developers and users to prosper in the United States,” he said in a statement.
In recent years, industry and congress have pressed to give the CFTC greater supervision of the industry.
The former president of CFTC, Rostin Behnam, advocated making the agency a regulator of the primary market for at least parts of the industry, including the supervision of Spot Bitcoin markets.
A bill, financial innovation and technology for the law of the 21st century, would have given the CFTC greater authority over cryptographic policy. The camera approved it last year, but did not go through the Senate.
