Recent reports revealed that the White House has withdrawn Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission (CFTC) after the pro-crypto candidate’s confirmation process was stalled in July.
Quintenz’s CFTC Chair Nomination Withdrawn
On Tuesday, Politico reported that the White House had pulled Brian Quintez’s nomination for CFTC chairman following opposition from major crypto industry players, according to two anonymous sources who spoke with the news media outlet.
According to the report, a White House official confirmed that Quintenz’s nomination was withdrawn, affirming that “Brian Quintenz remains a trusted ally and the Trump administration looks forward to working with him in other capacities.”
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