Donald Trump's transition team has concluded interviews for the position of Commodity Futures Trading Commission (CFTC) chair, with Brian Quintenz emerging as a leading contender, according to reports from Bloomberg.
Quintenz, who has a strong background in crypto regulation, is seen as a fitting choice for the role, especially as the CFTC is expected to take a more prominent role in overseeing digital assets under the upcoming administration.
Having previously served as a CFTC Commissioner under both the Obama and Trump administrations, Quintenz played a pivotal role in the introduction of regulated Bitcoin and Ethereum futures contracts. He is currently advising a16z on crypto-related policy and investment strategies.
In recent weeks, Quintenz has been collaborating closely with David Sacks, Trump’s designated advisor on AI and crypto, further bolstering his position as a top candidate. His candidacy is also supported by a16z co-founders Marc Andreessen and Ben Horowitz.
As Trump’s team prepares to announce their choice for CFTC chair, other individuals, including current CFTC Commissioners Summer Mersinger and Caroline Pham, along with former officials Joshua Sterling and Neal Kumar, are still in consideration for the role.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.