Crypto advocacy groups double down on support of prospective CFTC Chair
Cryptocurrency and blockchain advocacy groups are urging a swift confirmation of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC). In a letter addressed to President Donald Trump, organizations such as the Crypto Council for Innovation and the Blockchain Association expressed that Quintenz is well-suited for the role due to his expertise in digital assets. His nomination was forwarded to the Senate Agriculture Committee, but the confirmation process is stalled, largely due to delays requested by the White House. Critics, including the Winklevoss twins, allege that Quintenz may not fully support Trump's crypto agenda. The advocacy letter emphasized the need for a permanent CFTC chair to tackle the agency's complex goals related to digital asset markets. Meanwhile, the CFTC currently operates with limited leadership, raising concerns about its effectiveness. A senior representative from the Crypto Council for Innovation highlighted the urgency of confirming leadership as pending legislation regarding crypto market structures is expected to be crucial for clarity in regulatory roles between the CFTC and the SEC, with discussions anticipated to be ongoing until 2026.
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