The Trump administration has been reported to be a slate of new candidates to rule the Commodity Futures Trading Commission because Brian Quintenz’s confirmation is staring.
The new candidates discussed include Michael Selig, Chief Counsel at the Securities and Exchange Commission’s Crypto Task Force and former Asset Management Attitude and Tyler Williams, Treasury’s Digital Asset Policy, which previously worked at Galaxy Digital.
Cointelegraph contacted the CFTC for further details but did not receive immediate response.
Brian Quintenz’s nomination struck a wall in July after Gemini co-founder Tyler Winklevoss asked Donald Trump to stop the process, expressing a failure to crack the Biden administration’s cracking to his company.
“7 years of hunting the trophy of the law. It’s annoying for what they did to us,” he said at that time. The White House demanded that the Senate pause the planned vote.
Earlier this month, Quintenz publicly suggested that Trump “may have been misled” by Winklevoss Twins, Posting screenshots of private messages in X.
Related: Crypto advocacy groups doubled Quintenz’s confirmation on CFTC in the middle of pushing
Winklevoss twins flex their influence
The Wall Street Journal described The situation as winklevoss twins as “flexing their Washington influence” after supporting Trump’s campaign with millions of dollars in Donations.
CFTC is not discouraged, with only acting chairman Caroline Pham left after a lot recent resignation. At the same time, the agency is expected to obtain an expanded administration of crypto assets under pending law.
Meanwhile, the White House did not officially stay away from Quintenz but explored successors as discussions about new candidates intensified recently.
CRYPTO ADVANCEMENT
CFTC has made many motions recently to favor the crypto industry in the United States, such as allowing coastal exchanges serve us citizens Under an initiative called “Crypto sprint. “
In August, the Commission launched an initiative to enable the “Spot Crypto Asset Contracts” trade with the exchanges of futures registered with the CFTC.
A head of the Pro-Crypto agency is likely to expand the promotion of a friendly crypto law in the US.
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