Trump Pulls Brian Quintenz Nomination for CFTC

Replace (Oct. 1, 1:20 am UTC): This text has been up to date so as to add a remark from Brian Quintenz and additional info.

The Trump White Home has withdrawn Brian Quintenz’s nomination to guide the Commodity Futures Buying and selling Fee.

“Being nominated to chair the CFTC and going by means of the affirmation course of was the honour of my life,” Quintenz instructed Cointelegraph, confirming a Politico report on Tuesday

“I’m grateful to the president for that chance and to the Senate Agriculture Committee for its consideration,” Quintenz added. “I stay up for returning to my personal sector endeavors throughout this thrilling time for innovation in our nation.”

Quintenz, a former CFTC commissioner and head of crypto coverage at a16z, was extensively backed by the crypto business, however his nomination confronted delays in Congress and reported pushback from crypto change Gemini co-founders Tyler and Cameron Winklevoss.

The White Home has but to formally announce the transfer on the time of publication, and it’s unclear why Quintenz’s nomination was withdrawn.

Quintenz, Winklevoss public spat over nomination

Quintenz had beforehand claimed that the Winklevoss brothers had interfered together with his nomination, pressuring President Donald Trump to drop his decide.

Quintenz shared a series of private messages between himself and the Winklevosses on X final month, claiming Trump “might need been misled.”

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“I consider these texts make it clear what they have been after from me, and what I refused to vow,” Quintenz mentioned on the time. “It’s my understanding that after this change, they contacted the president and requested that my affirmation be paused for causes aside from what’s mirrored in these texts.”

The messages shared by Quintenz present the Winklevoss twins have been sad together with his response to discussing details about Gemini’s civil case with the CFTC, which the change settled for $5 million in January.

Some messages present the brothers pushing for “cultural reform” and ending “lawfare” in opposition to crypto companies by the CFTC shifting ahead. In response, Quintenz said that he would handle these points if and when he was confirmed to guide the company.

The CFTC has been with no full-fledged chair for almost a year now and is being led solely by Appearing Chair Caroline Pham, who had mentioned she would go away the company upon Quintenz’s nomination.