5 months ago
President-elect Donald Trump’s modulation squad is eyeing crypto-friendly names to beryllium the adjacent seat of the Commodity Futures Trading Commission (CFTC), according to Fox Business newsman Eleanor Terrett.
Among those reportedly successful contention are Summer Mersinger, a existent CFTC Commissioner; Brian Quintenz, a16z crypto argumentation main and erstwhile CFTC commissioner; and Marco Santori, Kraken’s main ineligible officer.
The study cited 2 sources acquainted with the discussions that person described Quintenz and Mersinger arsenic “odds-on front-runners” for the role.
Crypto-friendly contenders
Both reported front-runners bring important acquisition and crypto argumentation credentials.
Mersinger is considered a thought person astatine the intersection of crypto innovation and user protection. She often speaks astatine manufacture events and has championed balanced regularisation to foster maturation successful the sector.
Meanwhile, Quintenz has been a vocal advocator for a regulatory situation that accommodates crypto innovation, a stance honed during his tenure arsenic a CFTC commissioner and his existent relation astatine a16z.
If selected, either campaigner could steer the bureau toward policies prioritizing clarity and innovation successful the US crypto industry.
The CFTC oversees $500 trillion successful trading volumes crossed currencies and fiscal derivatives and has agelong competed with the US Securities and Exchange Commission (SEC) for regulatory authorization implicit crypto.
Many successful the assemblage similar the CFTC arsenic the superior regulator for crypto, citing its historically lighter regulatory touch.
Optimism nether Trump
The Trump administration, which begins connected Jan. 20, has signaled a marked departure from the existent administration’s approach. During his campaign, Trump vowed to extremity the regulatory “crusade” against the crypto manufacture nether the Biden administration.
This committedness has already begun shaping cardinal appointments, including the appointment of pro-crypto Paul Atkins to pb the SEC, Bitcoin (BTC) proponent Scott Bessent arsenic the incoming Treasury Secretary, and innovation-friendly David Sacks arsenic “crypto czar.”
While Mersinger and Quintenz pb the pack, respective different names stay connected the shortlist, including Caroline Pham, a Republican CFTC commissioner with a beardown regulatory background; Neal Kumar and Josh Sterling, some of whom held elder roles astatine the CFTC and are considered regulatory experts.
The Trump modulation squad has reportedly vetted astatine slightest fractional a twelve candidates for the role, reflecting the administration’s absorption connected uncovering a person who aligns with its imaginativeness for the crypto industry.
The station Kraken, a16z execs successful the moving for CFTC seat role appeared archetypal connected CryptoSlate.
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