Major Crypto Groups Back Brian Quintenz for CFTC Chair Post
On August 20, seven leading digital asset lobbying groups sent a joint letter to President Trump, urging him to fast-track Brian Quintenz’s nomination as the new CFTC chair.
The letter came amid growing frustration over delays and cancellations. The Senate Agriculture commitee aborted two votes in July, halting the confirmation process. This setback happened despite Quintenz’s respected tenure as a CFTC commissioner between 2017 and 2021.
Supporters argue quintenz’s vast experience is crucial as the CFTC prepares for increased digital asset oversight. Signatories include the Crypto Council for Innovation, Blockchain Association, and others.
- Liberal opposition from Gemini’s founders pressured Trump against Quintenz.
- Quintenz led the CFTC’s Technology Advisory Committee, facilitating discussions on digital assets.
- Under his leadership, the CFTC approved the first U.S.-regulated Bitcoin and Ether futures.
The lobby contends a confirmed CFTC chair is essential for market stability and U.S. competitiveness. Without one, the CFTC cannot effectively oversee digital asset commodities. A permanent chair would also guide collaborative efforts across agencies and ensure long-term regulatory stability.
