White House Says It Backs Quintenz For CFTC Chair, Despite Delays
Politico reports that Winklevoss twins asked Trump to consider dumping Quintenz
Politico and Bloomberg reported today that the White House is still firmly behind Brian Quintenz to lead the Commodity Futures Trading Commission.
That news comes after a Senate committee twice delayed a vote to move his nomination to the Senate floor. The White House reportedly asked for the most recent delay.
Here is a report from Bloomberg via X/Twitter:
The White House reiterated support for Brian Quintenz, President Donald Trump’s pick to lead the Commodity Futures Trading Commission, after a Senate committee delayed a vote on his nomination earlier this week.
“He will help execute President Trump’s mission of making America the crypto capital of the world and we look forward to his swift confirmation,” White House spokeswoman Liz Huston said in a statement.
Behind the scenes, it has sounded like Quintenz’s nomination has run into some trouble. Politico reiterated White House support but also reported on some of the consternation over Quintenz.
Cryptocurrency billionaires Tyler and Cameron Winklevoss pressed President Donald Trump this past weekend to reconsider his nominee to lead a small but powerful Wall Street regulator that helps oversee the $4 trillion market, according to people familiar with the matter.
As senators prepared on Monday for a vote to advance Brian Quintenz’s nomination to head the Commodity Futures Trading Commission, the Facebook-famous billionaires, who now run the crypto company Gemini, reached out to Trump directly with concerns about Quintenz…
Senior administration officials are now pushing Trump to keep Quintenz…
If confirmed by the Senate, Quintenz would lead the CFTC into a new era of prediction markets that are now offering betting on elections and sports. Quintenz has said he would relinquish his role as a board member with Kalshi once he has taken over at the CFTC.