Brian Quintns, US President Donald Trump’s candidate for the CFTC, said Blockchain is a foundational technology that is preparing to transfer much more than funding.
In prepared statements before the Senate confirmation session in which she participated with Cointelegraph, Quintns pointed to the long -term effect of Blockchain and encrypted currencies. “I look at Blockchain as a horizontal technique that has the ability to touch every aspect of society,” he said.
Quents, who recently worked as the global president of politics at A16z Crypto (Andressen Horowitz’s digital arm), also said the importance of a comprehensive regulatory framework for encryption markets.
He said that his global experience in dealing with organizers and government officials gave him a clear view of what he did not succeed in formulating regulatory frameworks for encryption, and visions that he plans to bring in American policies.
“Since Congress is the authority to organize the new immediate market on the markets of encryption assets, I am fully ready to provide the benefit of this experience for the members of this committee and the Congress as a whole,” he said.
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Quintenz pledged to keep bad actors abroad
Quintns did not shout words on the dangers of weak control. He warned that allowing bad actors and impregnated parties to work without a deterrent would eat the leadership of the United States in creating Blockchain.
He also stressed the need for a comprehensive regulatory framework that clearly defines symbolic classifications and setting the responsibilities of supervising encryption trading markets, on the pretext that this clarity is necessary to protect users and promote continuous innovation.
After Crypto, Quintns pledged to maintain the role of CFTC as a global pioneer in creating the market and supervision. He referred to his previous service as CFTC Commissioner, where he was unanimously confirmed in 2017, and repeated his commitment to risk -based organization, local and international alignment, and the protection of strong customers.
He reaffirmed his support for the legal authorization of CFTC to enhance responsible innovation. “The approach based on CEA principles in the framework of organization and the self -work framework created a market that continues to prosper with integrity.”
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CFTC faces driving invalid
The Senate Listening Session comes in Quintns while legislators pressure CFTC more power to encrypt through the clarity law, which would create a “digital commodity” category and grant the agency wide powers to regulate encryption.
However, fears are increasing about whether the agency has a leadership ability to face this challenge, as the Commissioner’s seat is still not packed and many others are preparing to go out.
Last week, two CFTC Commissioners left the remaining four, Republican and Democrat Goldsmith Romero. The remaining Republican Commissioner, Caroline Fam, also stated that she would leave if Quintns is taking the constitutional oath.
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