Trump plans to choose Quintenz A16z Crypto for CFTC: Report

President Donald Trump plans to choose Brian Quintns, head of politics at the Cryxal Department of Andrink Horwatz (A16Z), to lead the Futures Trading Committee.

There was no official statement, but Bloomberg quote A document sent by the White House to the Capitol Hill on February 11. Caroline Fam congratulated CFTC chair, Caroline Vam Quintz, on the choice, according to Eleanor Teret, Fox Correspondent for Business.

“I worked with Brian on important initiatives that led her to succeed when he was the CFTC Commissioner,” she said before she added.

“He will do the same for encryption and innovation. I look forward to Brian’s support and leadership in CFTC.”

Scooop: Three sources with direct knowledge of the issue telling me that Realdonaldtrump to choose BrianquintenzThe current head of the policy in @A16z Exoding and former commissioner, to be a permanent head of CFTC.

There is no official statement from Whitehouse However, the officials …

Eleanorterrett February 12, 2025

Crypto CFTC?

Quintns served as a Republican Commissioner at CFTC during the first Trump administration before joining Crypto Venture Capital in December 2022 when he was appointed as a world president in his policies.

He was a defender of organizational changes that would benefit from encryption companies and other new technologies and Fintech products, and advice has been provided to the Trump Transition team on the encryption policy.

“If it is confirmed, it is expected to press for changes that can help CFTC to lead as the preferred regulator of encryption,” said Bloomberg.

Other nominations for the same document include Jonathan Gold as a currency observer, and Jonathan Macsan will be used as director of the Financial Consumer Protection Office.

If this is confirmed, MCKERNAN will currently take over a significant agency after Trump effectively Neutrality The Financial Agency for a week under the “Government Efficiency Management” of Elon Musk.

The reaction of the encryption market

Despite more bullish news from the United States, encryption markets continue to decline. The total market value has decreased by 3.6 % over the past 24 hours, as it has decreased to $ 3.25 trillion at the time of writing this report.

Bitcoin decreased to $ 95,000 at the lowest level of the day and failed to recover from this decrease, currently trading at 95,700 dollars and lost more than 9 %, or nearly $ 10,000, since the beginning of the month.

Ethereum also collapses, with a 4 % decrease per day to less than 2,600 dollars again. ETH has lost 23.5 % since the beginning of February, a month that was historically ascending to the original.

Altcoins was a sea of ​​red again, having wiped any simple gains they obtained earlier this week, as there could be no positive news from the United States that could reflect the tide at the present time.