The White House withdrew former Commodity Futures Trading Commissioner Brian Quintenz's nomination to run the agency late Tuesday, capping off a month-long fight over U.S. President Donald Trump's pick for agency chair.

Trump tapped Quintenz shortly after retaking office. Quintenz joined venture firm Andresseen Horowitz's global head of policy, and has been an adviser to firms like prediction marketplace Kalshi since leaving the CFTC following his term as commissioner.

In a statement to CoinDesk, Quintenz said, "Being nominated to chair the CFTC and going through the confirmation process was the honor of my life. I am grateful to the President for that opportunity and to the Senate Agriculture Committee for its consideration. I [am] looking forward to returning to my private sector endea

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