The Senate Agriculture Committee will be meeting to consider Brian Quintenz, President Donald Trump's nominee for chair of the Commodity Futures Trading Commission (CFTC). His confirmation could lead to expanded authority over cryptocurrency regulation, particularly with the progression of the Digital Asset Market Clarity (CLARITY) Act, which aims to transfer oversight from the Securities and Exchange Commission (SEC) to the CFTC. The committee's meeting and potential vote follow prior hearings and discussions surrounding Quintenz’s nomination made by Trump in February. Currently, only acting CFTC Chair Caroline Pham and commissioner Kristin Johnson are in position at the agency, and with recent resignations, Quintenz could become the sole commissioner by the end of 2025. The House has already passed the CLARITY Act with bipartisan support, though its fate in the Senate is uncertain. Regardless, Pham has expressed readiness for the CFTC to oversee markets as legislation progresses.

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