Brian Quintenz, tapped by Donald Trump to lead the Commodity Futures Trading Commission (CFTC), has disclosed a web of crypto-related ties and millions in assets, raising questions ahead of his Senate confirmation.
In newly released ethics filings, Quintenz reported more than $3.4 million in confirmed and stakes in firms tied closely to the digital asset space. The former CFTC commissioner—now crypto policy chief at Andreessen Horowitz (a16z)—confirmed he would step down from that role if appointed as chair.
His financial interests span multiple a16z-affiliated funds and equity in companies like prediction market Kalshi and fintech firm Next Level Derivatives. Both operate in areas the CFTC actively regulates, making Quintenz’s portfolio particularly sensitive.
To avoid potential conflicts, he pledged to divest from related holdings, recuse himself from any decision-making linked to these entities, and step away from all board and advisory roles within 90 days of taking office. Notably, he committed to sidestepping all a16z matters for two years and Kalshi-related decisions for one.
The ethics letter emphasized his intention to comply with all federal conflict-of-interest rules while maintaining only unpaid family trustee roles.
Quintenz’s nomination comes at a moment of upheaval for the CFTC. Several commissioners, including Kristin Johnson, Summer Mersinger, and Christy Goldsmith Romero, are exiting by the end of May—leaving leadership gaps amid growing tension over the agency’s crypto stance.
If confirmed, Quintenz would return to an agency he once helped shape, now with even deeper ties to the industry it oversees.
The U.S. Securities and Exchange Commission has officially ended its legal battle with crypto exchange Binance, closing a major chapter in the regulatory crackdown on digital asset platforms.
Circle, the issuer behind the USDC stablecoin, is preparing to go public, and sources say BlackRock is gearing up to take a significant piece of the action—possibly acquiring 10% of the offering.
Bybit is making a bold move into the European crypto market after securing regulatory approval under the EU’s MiCA framework.
Nvidia reported strong financial results for the first quarter of 2026 for the period ended April 27, 2025, which led to a 4.8% increase in its shares in after-hours trading.