The Senate Agriculture Committee has canceled a planned hearing on Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC) at the request of the White House, just before lawmakers enter their August recess. This decision comes after a previous rescheduling, as consideration of Quintenz's nomination was already postponed once earlier in July. The timing of this delay raises questions about whether the Senate will revisit Quintenz's nomination before or after the recess. Quintenz, who served as a CFTC commissioner from 2017 to 2021, has previously faced scrutiny from lawmakers regarding his nomination. His confirmation could significantly impact how the Senate clarifies the CFTC's and SEC's roles in regulating digital assets, especially as the Senate is set to address these issues when they reconvene in September. Additionally, the CFTC is encountering a vast number of vacancies, with three of its five member positions pending. As the acting chair indicates plans to depart, Quintenz's nomination could play a crucial role in shaping the future of crypto regulation in the U.S.

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