US senators grill Trump CFTC nominee over industry ties, commission vacancies

Description

NEW YORK, June 10 (Reuters) - U.S. senators pressed Brian Quintenz, President Donald Trump's nominee to lead the U.S. Commodity Futures Trading Commission, on Tuesday about potential conflicts of interest and leading an agency where all existing commissioners are poised to exit.

Authors

Hannah Lang

Publish date

June 11, 2025

Publisher

Reuters

Web URL

https://www.reuters.com/business/finance/trump-nominee-lead-us-commodities-regulator-face-senate-scrutiny-2025-06-10

Referenced by

Democratic Senators Raphael Warnock and Tina Smith pressed Quintenz on whether he would advocate for the Trump administration to nominate Democratic commissioners, maintaining a bipartisan structure.

Crypto news

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The CFTC, which is expected to take on more oversight of both crypto and prediction markets, currently only has two commissioners, both of whom have said they plan to leave in the near future.

Crypto news

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The CFTC, which oversees derivatives markets, is likely to play a more prominent role as Trump's administration looks to overhaul crypto regulations.

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