Trump Eyes New CFTC Chair Candidates After Quintenz Stalled

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Winklevoss Twins Block Quintenz’s Path To CFTC Chair CFTC Could Have Greater Function In Crypto Oversight Associated Articles

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The Trump administration is contemplating different Commodity Futures Buying and selling Fee (CFTC) chair candidates after Tyler and Cameron Winklevoss lobbied in opposition to Brian Quintenz’s nomination.

That’s in keeping with a Bloomberg report that cited sources saying these into account embody Michael Selig, chief counsel to the SEC’s crypto activity power; Tyler Williams, Treasury counselor on digital asset coverage; Summer season Mersinger, present CFTC Commissioner; and Marco Santori, Kraken’s Chief Authorized Officer.

Quintenz’s affirmation has stalled since February, leaving the company with just one commissioner, Caroline Pham, serving as appearing chair.

Winklevoss Twins Block Quintenz’s Path To CFTC Chair

Early this month, Quintenz publicly accused the Winklevoss twins of undermining his nomination and mentioned they might have misled Trump within the course of.

Quintenz, a former CFTC commissioner, was tapped for the company’s high job amid preliminary expectations that he would fly by Senate affirmation with help from the broader crypto and monetary industries.

However his nomination stalled after the Gemini co-founders wrote to Trump to ask him to rethink, with the White Home subsequently halting a vote for unspecified causes.

I’ve by no means been inclined to launch non-public messages. However in mild of my help for the President and perception that he may need been misled, I’ve posted right here the messages that embody the questions Tyler Winklevoss requested me pertaining to their prior litigation with the CFTC.
I… pic.twitter.com/MN75M1XUpT
— Brian Quintenz (@BrianQuintenz) September 10, 2025

The Wall Road Journal (WSJ) mentioned the Winklevoss twins have been “flexing their Washington affect” after they’d backed Trump’s presidential marketing campaign with hundreds of thousands of {dollars} in donations.

Within the letter to Trump, the Winklevoss twins slammed the CFTC for participating in “7 years of lawfare trophy searching.”

Quintenz shared on X a personal exchanges that happened between himself and Tyler Winklevoss days earlier than they despatched the letter to Trump.

In line with these messages, Tyler Winklevoss requested Quintenz how he plans to “align with President Trump and the Administration’s mandate to finish the lawfare and make amends for it.”

Quintenz replied by saying that he was disillusioned that the CFTC’s enforcement division had pursued the lawsuit in opposition to Gemini “so aggressively,” including that he would undertake “a good and cheap evaluation of the matter” if and when he’s appointed because the company’s new Chair.

Quintenz mentioned that textual content messages from Tyler “make it clear what they have been after” from him.

“It’s my understanding that after this trade they contacted the President and requested that my affirmation be paused for causes apart from what’s mirrored in these texts,” he wrote.

CFTC Could Have Greater Function In Crypto Oversight

The seek for a brand new CFTC chair comes as lawmakers weigh giving the CFTC new energy over the crypto market.

The regulator has already made a number of pro-crypto strikes in current months, together with permitting offshore exchanges to serve US residents below its Crypto Dash initiative to shortly implement the suggestions of the President’s Working Group report on digital asset markets.

In August, the company additionally launched an initiative to allow the buying and selling of spot crypto asset contracts.