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The White House reiterates support for Trump's nomination of Brian Quintenz as CFTC chairman.
According to Mars Finance, on July 31, Bloomberg reported that the White House reiterated its support for Trump's nomination of Brian Quintenz to serve as the chairman of the Commodity Futures Trading Commission (CFTC). This follows a delay in his nomination as the Senate Agriculture Committee unexpectedly canceled the vote on Quintenz's nomination on Monday. However, the White House made it clear on Wednesday that Quintenz remains the top candidate for the position and looks forward to his swift confirmation. Quintenz previously served as a CFTC commissioner and is currently the policy head of the cryptocurrency division at prominent venture capital firm a16z. His name was also suddenly removed from the voting list in another meeting of the same committee last week. Although the official reason for the removal was not provided, it is widely speculated that there may be issues with his nomination. Yesterday, cryptocurrency journalist Eleanor Terrett revealed that the White House delayed the advancement of the CFTC chairman nomination vote, likely due to concerns over potential conflicts of interest, as Quintenz's team sought to obtain confidential CFTC information regarding competitors such as Polymarket and PredictIt while he was still serving on the board of Kalshi.