Summary
- Bloomberg reported that the confirmation of Brian Quintenz, nominee for U.S. CFTC chair, is delayed.
- The White House is reviewing new CFTC chair candidates, and it is reported that some of them include figures friendly to virtual assets.
- It said the CFTC currently has only one commissioner serving as acting chair.
As the confirmation of Brian Quintenz, nominee for chairman of the U.S. Commodity Futures Trading Commission (CFTC), has been delayed, the White House is reportedly searching for new candidates. Quintenz has faced hurdles in the confirmation process since being nominated in February.
On the 19th (local time), Bloomberg, citing people familiar with the matter, said, "Quintenz's confirmation has been delayed, and the White House is reviewing a new CFTC chair." Those under consideration are reported to include figures friendly to virtual assets (cryptocurrencies).
Under the rules, the CFTC should have five commissioners in office. However, currently only one commissioner, Caroline Pham, is serving as acting chair.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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