The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.
The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission , as the president-elect seeks to make good on his promise for a more crypto-friendly regulatory environment, FOX Business has learned. Under Trump, the CFTC could take on a bigger role in the regulation of the $3.
On the campaign trail, Trump promised to end the regulatory onslaught and make the U.S. the "crypto capital of the planet" and received millions in campaign contributions from wealthy digital coin executives. As he gets ready to take office on Jan. 20, Trump has appointed several industry-friendly candidates to key administration positions, including pro-crypto lawyer Paul Atkins to replace Gensler at the SEC, and Scott Bessent, a believer in bitcoin, to run the Treasury Department.
Biden’s CFTC Chair Rostin Behnam announced Tuesday he will step down from the role on Jan. 20, sparking renewed interest in who Trump will choose to succeed him. While the president-elect will ultimately have the final say on the matter, two policy insiders who spoke to FOX Business described Quintenz and Mersinger as the "odds-on front-runners" for the job. Both have government experience, are familiar with the agency and are respected inside various Washington, D.C., policy circles.
Quintenz’s position as head of policy for Andreessen Horowitz’s crypto fund, a16z, means he has a working relationship with industry and government agencies to advocate for comprehensive regulations on behalf of clients. His connection to a16z is thought to give him a slight edge in the process given founder Marc Andreessen’s position as one of Trump’s top crypto and artificial intelligence advisers.
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