Brian Quintenz, Nominee for US CFTC Chair, Says 'CFTC Should Have Jurisdiction Over Spot Virtual Asset Products'
Son Min
Summary
- Chair nominee Brian Quintenz stated that jurisdiction over the spot virtual asset product market should be given to the CFTC.
- Quintenz emphasized the need for clear definitions regarding regulatory clarity for virtual assets and jurisdiction over market oversight.
- It was reported that Quintenz's hearing is scheduled for 4:00 on the 11th.
Brian Quintenz, who has been nominated as the chair of the US Commodity Futures Trading Commission (CFTC), has expressed his view that jurisdiction over spot virtual asset (cryptocurrency) product markets should belong to the CFTC.
According to Eleanor Terrett, host of Crypto in America, on the 10th (local time), Brian Quintenz stated, "I support Congress granting the CFTC jurisdiction over the spot virtual asset product markets."
Previously, through a written statement, Quintenz pledged to secure regulatory clarity for virtual assets, adding, "The jurisdiction for market oversight must also be clearly stipulated."
Meanwhile, Quintenz's hearing is scheduled to take place on the 11th at 4:00 (KST).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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