Quintenz had been nominated to lead the commission by U.S. President Donald Trump, but this latest development could be an indication of something gone awry with the nomination process. This wouldn’t be the first time Trump withdrew Quintenz from a CFTC nomination. The former hedge fund manager was appointed by former President Barack Obama as commissioner in 2016. When Trump took office for his first term in 2017, he pulled Quintenz from the nomination process before later reinstating him. Quintenz served as one of five CFTC commissioners until 2021. He left the agency for a head of policy role at a16z crypto, a web3 venture capital fund under Andreessen Horowitz.

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