The Trump administration has typed the veteran of the Commodity Futures Trading Commission Brian Quintenz to lead the regulator of raw materials, according to a document sent to the Senate on Tuesday.
The document, published by Punchbowl NewsAppointed dozens of high -level governmental appointments, including Quintenz, who has worked in the private sector since leaving the CFTC in September 2021, following a four -year stay at the agency.
He joined the venture capital cabinet Andreessen Horowitz as an advisor at the time, and since December 2022, has led the company’s cryptocurrency policy initiatives, according to his Liendin profile.
At the top of the blockchain in 2021, while the CFTC commissioner, he said he believed “A private cryptocurrency surveillance organization could fill the gap between the status quo and the future government regulatory action.”
A cryptographic self-regulation organization may have a global importance on the market, he said.
“I think everyone is trying to understand where and how their laws apply to this space,” he told Coindesk after his presentation.
“If the community benefits from this time and this ambiguity, there is the potential for a global framework to apply to everyone if there is enough membership to the community to do it, because there is No jurisdictional questions about what, or rules that require a bifurcation or separate approaches to the regulations, “he said.
During his stay at the CFTC – first appointed by President Barack Obama then by President Donald Trump, during his first mandate – Quintenz directed the agency’s technological advisory committee; And during its mandate, the CFTC supervised the list of the first Bitcoin and future contract contracts in the US first cycle on derivative exchanges His organic A16Z.
In a Blog A16Z Post of November, Quintenz and two colleagues shared their reflections on what this election meant for the world of cryptography.
“There will always be an in-depth examination of regulators and decision-makers of certain aspects of industry, regardless of progress on new legislation or a recalibrated regulatory environment,” they wrote. “We must expect a future where these clear rules will facilitate the identification and closure of bad players, similar to the FTX, while allowing projects to take off. This protects consumers and rebuilt confidence and confidence in technology. »»
“The previous approach of the regulations by the application, without regulatory clarity, blocked the right players and allowed the bad players, who actively injured consumers and unjustly eroded confidence in space,” wrote Quintenz and his colleagues.
Ji Kim, interim president and CEO of the Crypto Council for Innovation, described the appointment of quintenz “fantastic news for our country, our digital assets and the future of American markets”.
“No one understands better the transformer potential for digital asset technology and how good regulations and clear can promote growth,” Kim said in a Publication on the social media site X.
