Brian Quintenz, President Trump's selection to chair the Commodity Futures Trading Commission (CFTC), sees blockchain as a transformative force far beyond just finance.
In remarks prepared for his Senate confirmation hearing, Quintenz stressed that this foundational technology holds the potential to impact “every aspect of society.”
Quintenz, most recently leading policy for a16z Crypto, brings extensive global experience in crypto regulation. He plans to use this insight to help Congress craft a comprehensive framework for U.S. crypto markets, specifically addressing spot market authority.
He explicitly warned that failing to curb bad actors and fraudsters would jeopardize America’s leadership in blockchain innovation. To prevent this, he advocates for clear definitions of token classifications and assigned oversight roles for crypto trading.
Beyond digital assets, Quintenz aims to uphold the CFTC’s role as a global leader in market oversight, emphasizing risk-based regulation and robust customer protection.
His confirmation hearing comes as the CFTC faces a leadership void, with several commissioners departing amidst pushes to expand the agency’s power over crypto through the “Clarity Act.”
A coalition of U.S. federal agencies, formed under a January executive order by President Donald Trump, has released a fact sheet previewing its recommendations for a national digital asset framework.
Indonesia’s cryptocurrency sector saw explosive growth in 2024, with the total transaction value of crypto assets tripling year-on-year to over 650 trillion rupiah ($39.67 billion), according to data from the country’s financial regulator.
U.S. Senator Cynthia Lummis (R-Wyo.) has introduced the 21st Century Mortgage Act, a landmark bill that seeks to modernize federal home loan underwriting by including digital assets in mortgage eligibility assessments.
In a major development for the U.S. digital asset market, the Securities and Exchange Commission (SEC) has approved in-kind creation and redemption mechanisms for crypto asset exchange-traded products (ETPs), including those tied to Bitcoin and Ethereum.