The White House reiterates Brian Quintenz's appointment as CFTC Chairman

ChainCatcher news, according to Bloomberg, the White House reiterated its support for Trump's nomination of Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC). This comes after a delay in Quintenz's nomination, as the Senate Agriculture Committee unexpectedly canceled the vote on his nomination on Monday. However, the White House made it clear on Wednesday that Quintenz remains the top candidate for the position and looks forward to his swift confirmation.

Quintenz served as a CFTC commissioner from 2017 to 2021, and since then, he has been an executive in the cryptocurrency division of the venture capital firm a16z. He also served as a board member of the prediction market platform Kalshi. Quintenz stated that if confirmed, he would resign from both companies.

ChainCatcher previously reported that, according to crypto journalist Eleanor Terrett, the White House delayed advancing the CFTC chairman nomination vote, possibly due to nominee Quintenz's team seeking confidential CFTC information related to competitors such as Polymarket and PredictIt while he was still serving on the board of Kalshi.