Multiple cryptocurrency and blockchain industry associations are pushing for the "swift confirmation" of Brian Quintenz as the chairman of the U.S. Commodity Futures Trading Commission (CFTC).
In a letter to U.S. President Donald Trump on Wednesday, representatives from various crypto organizations reiterated their support for Quintenz's confirmation in the Senate following his presidential nomination.
Signatories include the Crypto Innovation Council, Blockchain Association, Decentralized Research Center, DeFi Education Fund, Digital Chamber of Commerce, Satoshi Action Fund, and Solana Policy Research Institute.
These advocacy organizations believe that Quintenz is "well-suited" to lead the CFTC, partly due to his experience and understanding of digital assets.
After being nominated to lead the agency in February, he was referred to the Senate Agriculture Committee, which postponed the vote just days before the Senate was scheduled to recess in August.
The committee stated that the delay was at the request of the White House. An August report also indicated that Gemini co-founders Cameron and Tyler Winklevoss pressured Trump to reconsider Quintenz's nomination, claiming he would not fully execute the president's crypto agenda as CFTC chairman.
"As clearly outlined in the President's Working Group on Digital Assets report, the CFTC faces many critical, complex, and nuanced objectives, including working with Congress to establish a comprehensive federal market structure framework and appropriately overseeing digital asset commodities to advance your administration's agenda," the letter stated, adding:
Quintenz previously served as a CFTC commissioner from 2017 to 2021 during Trump's administration, having been nominated by former President Barack Obama in 2016.
Even if Quintenz's confirmation can be quickly passed in the Senate after it reconvenes on September 3, the regulatory agency still has vacant positions, which could slow down its work related to cryptocurrencies and other matters. Currently, the five-member commission consists only of acting CFTC chair Caroline Pham and commissioner Kristin Johnson.
Commissioners Summer Mersinger and Christy Goldsmith Romero, along with former chairman Rostin Behnam, all left the CFTC earlier this year. Johnson has indicated she will leave before 2026, and Pham has stated that if Quintenz is nominated, she plans to transition to the private sector, suggesting that the prospective chairman may be the only voice until Trump selects other candidates to fill the agency.
In a statement to Cointelegraph, representatives from the Crypto Innovation Council emphasized the necessity of confirming CFTC leadership in the context of a two-member commission, the absence of a permanent chair, and pending legislation on crypto market structure.
Senator Cynthia Lummis is one of the main voices advocating for the Senate to pass the market structure bill, which could clarify the roles of the CFTC and the U.S. Securities and Exchange Commission (SEC) regarding cryptocurrencies, stating that the bill is expected to be signed into law by 2026.
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