Trump's CFTC Pick Says U.S. Can Boost Crypto Innovation and Shield Consumers

Description

Brian Quintenz, President Donald Trump's nominee to be the chairman of the Commodity Futures Trading Commission, said it'll be up to Congress to forge a path for the CFTC to foster crypto innovation.

Authors

Nikhilesh De

Jesse Hamilton

Publish date

June 11, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/policy/2025/06/10/trump-s-cftc-pick-says-u-s-can-boost-crypto-innovation-and-shield-consumers

Referenced by

Acting Chairman Caroline Pham, who said she's leaving when Quintenz starts work. The lone Democrat, Kristen Johnson, said she'll depart "later this year," leaving some uncertainty about her timing.

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He granted that the agency may need more funding if it's assigned the monumental new task as the regulator of digital commodities spot markets, which would include transactions of bitcoin

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Some of the Democratic senators noted the Trump administration has been systematically stripping regulatory commissions of their Democratic members — described by Senator Raphael Warnock as "political purges" — and asked Quintenz if he would encourage the White House to fill both sides of the roster.

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