In brief
- The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission.
- Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role.
- Acting CFTC chair Caroline Pham will remain in place as new contenders are considered.
The White House has withdrawn Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission late Tuesday, Politico reported, citing two people familiar with the decision.
The move comes less than eight months after President Donald Trump tapped the former commissioner to lead the regulator.
A new nominee will be announced “in the near future”, one official told Politico.
Quintenz, a onetime CFTC commissioner who later joined venture capital giant Andreessen Horowitz, had drawn support from both traditional finance and the digital asset sector. Yet his candidacy stumbled amid a very public feud with crypto billionaires Tyler and Cameron Winklevoss.
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Author: Callan Quinn
