Brian Quintenz’s nomination for CFTC Chairman reflects a shift in the Trump administration toward expanding the CFTC’s role in crypto regulation and redefining digital market oversight

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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.

Brian Quintenz, President Donald Trump’s nominee to chair the U.S. Commodity Futures Trading Commission, is scheduled to appear before the Senate on Jun. 10 as lawmakers assess his qualifications to lead an agency preparing for expanded oversight of cryptocurrency markets.

During President Donald Trump’s second term, the administration is signaling support for expanding the CFTC’s mandate, backed by legislative proposals and a broader pro-crypto regulatory outlook

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