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The White House Reiterates Support for Trump's Nomination of Brian Quintenz as CFTC Chairman

21 hours ago

July 31st: According to Bloomberg, the White House has once again expressed its support for Trump's nominee, Brian Quintenz, to serve as the chairman of the U.S. Commodity Futures Trading Commission (CFTC). Previously, the confirmation of Brian Quintenz as CFTC chairman was postponed. On Monday, the Senate Agriculture Committee abruptly called off the vote on Quintenz's nomination. However, the White House made it clear on Wednesday that Quintenz still remains the top candidate for the position and they anticipate his prompt confirmation. Quintenz, a former CFTC commissioner, is currently serving as the policy head of the renowned venture capital firm a16z's crypto department. Last week, his name was also unexpectedly removed from the voting list during another meeting of the same committee. Although the official reasons for his removal were not disclosed, it is widely speculated in the public that there may be problems with his nomination. Yesterday, crypto journalist Eleanor Terrett revealed that the White House postponed the advancement of the CFTC chairman nomination vote, possibly due to concerns about conflicts of interest. During Quintenz's tenure as a director at Kalshi, his team is reported to have sought confidential CFTC information related to competitors such as Polymarket and PredictIt.
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