Brian Quintenz Returns to CFTC for Crypto Regulatory Overhaul | Airdrop Alert Pro

US President Donald Trump chose Brian Quintenz, head of policy at Venture Capital, as the next chairman of the CFTC (Commodity) futures Trade Commission).

The move marks a major shift in crypto regulations, and the CFTC is expected to play a greater role in overseeing digital assets.

Familiar faces return to CFTC chair

The Fox Business Correspondent revealed the option, citing three sources to get a direct look at the decision. CFTC officials reportedly confirmed the move, although the White House did not officially announce it. Acting CFTC Chairman Caroline D. Pham reportedly congratulated Quintenz.

“I worked with Brian for an important move and when he was the CFTC commissioner, he was successful. He will do the same for crypto and innovation. I look forward to supporting Brian and his leadership at the CFTC. Reportquote Pham.

Quintenz, a CFTC specialist from 2017 to 2021, has long advocated regulatory clarity for digital assets. Recently, he served as A16Z encryptionventure capital firm Andreessen Horowitzdigital asset arm.

His appointment comes as CFTC is ready to play a more active role in shaping the regulatory environment of digital assets. The CFTC announced a series of discussions on key aspects of digital asset regulation. One of the most pressing topics is Regulation of stable proteins and the broader digital asset market structure.

Specifically, the Commission plans to chair a forum discussion Stablecoin Supervision, Forecast Market Regulation Roundtableand other public meetings Digital Asset Rules.

These initiatives reflect the growing concern of policy makers for the need for clear and enforceable standards in the cryptocurrency space.

Legislative efforts to strengthen the role of CFTC

Perhaps the biggest change for Trump Proposed regulatory framework It is to have the driving force of CFTC, not US SEC (SEC), Regulate the Bitcoin and Ethereum spot markets. These two digital assets account for about $2.2 trillion of market capitalization, accounting for nearly 70% of the global cryptocurrency market.

Former CFTC Chairman Christopher Giancarlo is often referred to as “Encrypted dad,” has endorsed the shift. As Beincrypto reported, he believes the CFTC can better oversee these assets as digital commodities.

“With enough money and the right leadership, the CFTC can start running on the first day of President Donald Trump’s presidency and start regulating digital goods,” Giancarlo explain recent.

In addition to Trump’s regulatory vision, Congress is weighing new legislation to redefine the role of the CFTC and Second In digital asset supervision. Tennessee State Representative John Rose proposed the “Bridge Digital Assets Act” between the two parties, which proposed a cooperation framework between the two institutions.

According to the proposal, Joint Advisory Committee Among the 20 private sector representatives, it will help guide Encryption regulations. They will also make sure industry voices are taken into account in decision making.

Despite its ambitious agenda, there is still concern about the CFTC’s ability to handle expanded regulatory tasks. The agency Annual budget of US$400 million and has approximately 700 employees, about below the SEC’s $2.4 billion budget and 5,300 employees.

CFTC will require substantial capital increase and expand personnel to oversee Crypto spot market Effectively.

In addition, some traditional stakeholders of the CFTC (such as agricultural commodities traders) are concerned about the potential impact of digital asset adjustment on the institution’s core functions. Legislators must address these issues to ensure bipartisan support for any regulatory expansion.