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Donald Trump’s decide to steer the Commodity Futures Buying and selling Fee (CFTC), Brian Quintenz, has revealed a number of ties to the crypto trade amid a employees exodus on the regulator because of the President’s pro-crypto stance.
In a letter launched by the US Workplace of Authorities Ethics on Might 25, Quintenz revealed his positions in crypto and market companies that might fall below the CFTC’s regulatory priorities.
One in every of his commitments is as a board member for the decentralized betting platform Kalshi, which settled a authorized battle with the CFTC earlier this month. He’s additionally at present the top of crypto coverage at Andreessen Horowitz.
Brian Quintenz Will Take Steps To Keep away from Conflicts Of Curiosity In His New Function
Given Quintenz’s roles at Kalshi and Andreessen Horowitz, his portfolio at present intersects instantly with two primary coverage areas inside the CFTC – crypto asset regulation and prediction markets.
🚨 Trump’s CFTC decide, Brian Quintenz, discloses $3.4M in belongings — together with investments in crypto & prediction markets.
He says he’ll divest if confirmed as chair. 👀📉 #Crypto #XEP #Trump pic.twitter.com/iXnaW8Llz1
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) Might 28, 2025
Quintenz has already stated that he’ll step down from his function at Andreessen Horowitz if he turns into the subsequent CFTC chair. He additionally outlined steps he’ll take to keep away from any conflicts of curiosity in a Might 21 letter to the CFTC’s Designated Company Ethics Official, John Einstman.
“I can’t take part personally and considerably in any explicit matter through which I do know that I’ve a monetary curiosity instantly and predictably affected by the matter,” he wrote within the letter.
CFTC Exodus “Not A Nice Scenario”
Quintenz was nominated as new CFTC chair by Trump in February, and is at present awaiting Senate affirmation.
That comes amid an exodus of commissioners on the monetary regulator attributable to considerations over Trump’s embrace of the crypto market.
Democrat Commissioner Kristin Johnson introduced on Might 21 that she plans to depart the CFTC later this 12 months. Equally, Commissioners Summer time Mersinger and Christy Goldsmith Romero have additionally stated they’d step down on Might 30 and Might 31, respectively.
If the Commissioners step down, it might open up all 4 remaining positions on the CFTC later this 12 months, a state of affairs that Romero stated is “not a terrific state of affairs.”
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