Brian Quintenz, Trump's nominee for CFTC chairman, disclosed $3.4 million in assets and his relationship with the crypto industry

PANews reported on May 28 that according to Bloomberg, Trump's nominee for the chairmanship of the U.S. Commodity Futures Trading Commission (CFTC) Brian Quintenz disclosed that he held at least $3.4 million in assets and had multiple connections with the crypto industry. Quintenz, who is currently the global head of crypto policy at venture capital firm a16z and director of prediction market platform Kalshi, will resign from these roles if his nomination is approved, according to the filing.

Quintenz pledged to recuse himself for two years from regulatory matters relating to his former employer, including a16z's funds and Kalshi's platform business. The CFTC is currently promoting the development of a regulatory framework for digital assets, and may obtain regulatory rights in spot markets such as Bitcoin. The body has recently been in turmoil over the collective resignation of four members and the dismissal of a fraud lawsuit on a trading platform.

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