Brian Quintenz, during his nomination hearings for CFTC Chair, acknowledged that expanding the CFTC’s powers to regulate crypto would likely require more funding but said efficiency improvements could optimize resource use

Event date

June 10, 2025

Quotes that support claims

“To the extent that new authorities come to the agency, I think there are ways that we can make every taxpayer dollar spent the most efficient way possible, but I would anticipate that new resources would likely be needed,” he said.

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

Quintenz said that new staff would be made more efficient by "a technology-first approach" that makes the employees more efficient.

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Week 24 of 2025