U.S. Senate Begins Confirmation Process for 'Trump Nominee' Brian Quintenz as CFTC Chairman
Summary
- The U.S. Senate has begun the confirmation process for Brian Quintenz as CFTC Chairman.
- Congress is working on legislation to transfer regulatory oversight of virtual assets (cryptocurrencies) to the CFTC.
- If the bill passes, Quintenz is expected to directly exercise regulatory authority over the virtual asset market.
Brian Quintenz has been nominated as the Chairman of the Commodity Futures Trading Commission (CFTC), and his confirmation process is now officially underway.
According to Cointelegraph on the 19th (local time), the U.S. Senate Agriculture Committee is set to hold a meeting to review the nomination of Chairman Quintenz on the 21st, ahead of a full Senate vote.
This meeting marks the second stage of the confirmation process, following a personnel hearing held last June, after President Trump officially nominated Quintenz in February. Meanwhile, legislation is currently being promoted in the U.S. Congress to transfer regulatory oversight of virtual assets (cryptocurrencies) to the CFTC. If the bill passes, Quintenz is expected to directly exercise regulatory authority over the virtual asset market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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