Trump’s Pick to Run CFTC Touts Work in Crypto to Lawmakers

Description

Brian Quintenz, President Donald Trump’s pick to lead the US Commodity Futures Trading Commission, faced conflict-of-interest scrutiny from Democratic senators over his roles in the crypto industry and prediction markets — two prominent areas in this administration.

Publish date

June 10, 2025

Publisher

Bloomberg

Web archive URL

https://archive.is/4tU2j#selection-1705.0-1709.169

Web URL

https://www.bloomberg.com/news/articles/2025-06-10/trump-s-pick-to-run-cftc-touts-his-career-in-crypto-to-lawmakers?embedded-checkout=true

Referenced by

The CFTC oversees the multitrillion-dollar derivatives market, financial products that help businesses hedge against price swings in everything from corn to cocoa to foreign currency. The agency’s powers could expand if Congress passes legislation to regulate the crypto market, with the CFTC potentially overseeing what’s called spot markets for Bitcoin and other digital assets that don’t qualify as securities.

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Two commissioners departed at the end of May

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Quintenz, who served as a CFTC commissioner from 2017 to 2021, is set to helm an agency in upheaval.

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