The White Home has formally rescinded its nomination of a16z coverage head Brian Quintenz to the position of Commodity Futures Buying and selling Fee (CFTC), per a Politico report printed Tuesday.
White Home Withdraws CFTC Chair Provide
In keeping with the September 30 report, two nameless sources confirmed to the media outlet that Quintenz’s nomination had been withdrawn forward of a proper public announcement.
“Being nominated to chair the CFTC and going by the affirmation course of was the dignity of my life,” Quintenz stated in an announcement. “I’m grateful to the President for that chance and to the Senate Agriculture Committee for its consideration.
“I’m trying ahead to returning to my personal sector endeavors throughout this thrilling time for innovation in our nation,” he added.
Brian Quintenz Takes To Social Media
Information of the White Home’s resolution to drag Quintenz’s nomination follows studies that Gemini co-founders Tyler and Cameron Winklevoss pressed U.S. President Donald Trump to not go ahead with the previous CFTC commissioner’s affirmation course of.
I’ve by no means been inclined to launch personal 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
On September 10, Quintenz took to social media to allege that the Winklevoss twins made an enchantment to U.S. President Donald Trump to have Quintenz’s nomination “paused.”
In a message trade with Winklevoss shared by Quintenz, the longtime crypto donor mentioned considerations over the CFTC’s June 2025 grievance towards Gemini relating to investigative misconduct.
“I imagine these texts make it clear what they had been after from me, and what I refused to vow,” Quintenz stated. “It’s my understanding that after this trade, they contacted the President and requested that my affirmation be paused for causes aside from what’s mirrored in these texts.”
A number of names have been circulating within the press as potential replacements to guide the federal regulator in current weeks, together with former CFTC official Josh Sterling, Nationwide Credit score Union Administration (NCUA) Chair Kyle Hauptman and former CFTC commissioner Jill Sommers.
Nonetheless, it stays to be seen simply who will go on to spearhead the CFTC beneath Trump’s second time period.
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