Brian Quintns encryption expert from Andressen Horowitz was chosen to lead CFTC

The agency can become decisive to regulate encryption if politicians are helping promises to achieve organizational clarity.

President Donald Trump CFTC leadership candidate is Brian Quintnsfrom Lead The policy was in the A16z Crypto and was formerly delegated at the agency, according to the White House document that Unchained.

He is expected to be a major defender of industry in this position and a person who encourages her to supervise in the first place by CFTC instead of SEC.

A big victory for encryption

Quintns, who held the position of Commissioner from 2017 to 2021, was reliable and supportive of the industry, despite Trump’s doubts at the time.

While he was in CFTC, it was often covered Besides the SEC Hester Peyce Commissioner, which he refers to with affection called “Mom Crypto”, as one of the largest defenders of the most clear encoding organization that has strengthened innovation. The industry has repeatedly called on the industry to create its own self -organization in order to avoid its enforcement procedures as well as an applicable handrail suggestion.

“I suggest that society meet and try to form a kind of independent organizational body, and control, which has teeth, can implement some rules, which can add credibility to the market,” Make up To CNBC in 2018.

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A more important organizational agency in Crypto?

The agency that has once can become, and now it is scheduled to become a major player to regulate encryption.

If a supportive conference of Congress supports legislation in the market structure that grants the CFTC supervision authority, it will be up to Quintns to lead the creation of explanatory rules that define how the agency implement such laws.

Trump It is said (Through a potential bill in the structure of the encryption market approved by Congress), he intends to encourage the expansion of CFTC to encrypt and decline the strength of the Supreme Education Council, which was hostile to the industry starting from Trump’s first state to his position to more than that. During the Biden administration under the leadership of President Gary Ginserler.

The encryption industry, which has mostly supported President Trump, has prompted CFTC to be encoded for several years, in addition to the regulatory handrail request in the United States on a wider scale.

Incomulated encryption legislation

Last week, David Sachs, President Trump for encryption and AI CZAR, held a press conference alongside Congress members, including Senator Tim Scott, French actor Hill (Leader of the Financial Services Committee in the House of Representatives), Senator John Bouzman, and actor GT Thompson. They announced their intention to work on the body of the encryption market structure. (representative. Hill He said The unexpected podcasts in July must legislate the market structure will be one of the first two projects that will try to pass through the committee.)

Sacks also announced a joint working group between the House of Representatives and the Senate Cooperation in encryption legislation to preserve the American competitiveness.

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Quintenz Etisalat

Sources say that the founder of the A16z Marc Andrienon had Trump’s ear throughout the campaign and transition, and it is likely to have called for Quintns. Andressen is part of a group of Silicon Valley leaders who have become increasingly conservative in recent years, which also include bags. It is safe to assume that Quintns preferred between this group played a role in his candidacy, and three sources close to Quintns.

Andrink did not immediately respond to the comment requests.

Quintenz is also at the Board of Directors on the KALSHI predictive market platform that, although it is not the Chefer company itself, is a great competitor in Polymarket Predging Market, Blockchain, which is preferred for Trump’s.

Although some have previously pretended that Quintns link to Calci may be seen as negative by Trump, two sources later showed that they competed like Shi with polymers that were likely to be unimportant when looking at it in this role.

More in mind will be the ongoing legal battle with CFTC, and three organizational experts who spoke to Unchained. Quintenz is likely to be reinstated itself from the CFTC matters related to Kalshi, leaving the conservatives with only two sounds in such matters.

However, Kalshi’s prosecution from CFTC about whether these markets can host betting markets legally in the elections-a procedure that was likely to be reviewed and approved by the Board of Directors-also puts Quintenz as a person with a pro-critical organizational perspective. See the agency. Donald Trump Junior also joined Calchi as a strategic consultant last month, which strengthened the relations between the company and the received presidential administration.

The Trump administration did not immediately respond to a request for comment.

Read the full White House document here.

Tuesday, Feb 11, 2025, 10:07 pm East time: Unchained the story updated the White House document.