Summary
- It was reported that Brian Quintenz has been nominated for CFTC Chair and is set to appear at a Senate confirmation hearing.
- It was noted that the recent resignations have significantly changed CFTC’s personnel structure.
- If the confirmation passes, leadership restructuring will occur, and attention should be paid to possible policy shifts at the CFTC.
Brian Quintenz, nominated by former US President Donald Trump as Chair of the Commodity Futures Trading Commission (CFTC), is scheduled to appear before a Senate confirmation hearing.
According to Cointelegraph on the 5th (local time), the US Senate Committee on Agriculture, Nutrition, and Forestry announced that Quintenz will attend the confirmation hearing for his appointment as Chair on June 10 (local time).
This hearing comes as only two Senate-confirmed CFTC officials remain following the recent resignations at the end of May of Commissioners Summer Mersinger and Christy Goldsmith Romero.
Previously, former CFTC Chair Rostin Behnam resigned this past February. Since then, Acting Chair Caroline Pham and Commissioner Kristin Johnson have also announced that they will step down following Quintenz’s nomination or by the end of this year. Should Quintenz be confirmed, the CFTC is expected to undergo a near-total overhaul of its leadership.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
