US CFTC chair nominee "Gemini founders intervened in CFTC chair confirmation"

Source
Suehyeon Lee

Summary

  • Brian Quintenz, the CFTC chair nominee, said that the Gemini co-founders, the Winklevoss brothers, intervened in his confirmation process.
  • Quintenz said the released texts mentioned the Winklevoss brothers' complaints about the CFTC's $5 million fine settlement and the civil lawsuit.
  • He claimed that the Winklevoss brothers asked President Trump to put his chair confirmation on hold.
Text messages/photos with Tyler Winklevoss released by Brian Quintenz/photo=Brian Quintenz X (X)
Text messages/photos with Tyler Winklevoss released by Brian Quintenz/photo=Brian Quintenz X (X)

Donald Trump, the U.S. president, nominated Brian Quintenz as chair of the Commodity Futures Trading Commission (CFTC), and Quintenz claimed that the Gemini co-founder Winklevoss brothers intervened in his confirmation process.

On the 11th (local time), according to Cointelegraph, Quintenz posted on X the text messages he exchanged with Gemini co-founders Cameron Winklevoss and Tyler Winklevoss, alleging that they tried to intervene in his confirmation process.

The released conversation included Tyler Winklevoss conveying complaints about Gemini's civil suit, which was concluded in January with a $5 million fine settlement with the CFTC. In the texts, Tyler said, "The CFTC, by abusing the deliberative process privilege, among other methods, blocked our opportunity to defend ourselves fairly."

Quintenz said, "I released the texts out of concern that President Trump may have been given incorrect information by the Winklevoss brothers," and claimed, "From these texts it is clear what they wanted from me and what I did not promise. After this conversation, I understand that the Winklevoss brothers contacted the President to request that my confirmation be put on hold."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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