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.”
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has emphasized the agency’s continued focus on investor protection, addressing insider trading, market manipulation, and the evolving landscape of cryptocurrency regulation.
Arizona Governor Katie Hobbs has officially vetoed House Bill 2324, a legislative proposal that aimed to create a state-managed reserve fund for holding seized cryptocurrency assets.
The U.S. Securities and Exchange Commission (SEC) is in the early stages of developing a standardized listing framework for token-based exchange-traded funds (ETFs), according to a July 1 report by journalist Eleanor Terrett.
The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), finalizing its transition from an over-the-counter product into a fully regulated ETF structure.