Brian Quintenz, who leads the policy for Andreessen Horowitz’s Crypto team, announced Wednesday that he is being tapped to lead the Commodity Futures Trading Commission (CFTC), according to X Post. And it seems a lot of the VC industry are excited about it.
CFTC regulates the trading of commodity futures, options and swaps, known as derivatives. It is also involved in enforcing regulations that affect several cryptography.
He previously served as the CFTC commissioner in the first Trump administration. According to his A16Z biographies, he previously founded the investment company Saeculum Capital Management.
He joined A16Z as an advisory partner in 2021 and later became the policy director for its crypto department.
His appointment received support from several celebrities in the industry. At X, many people working at the A16Z Crypto ARM sent celebratory celebrations.
Coinbase co-founder and CEO Brian Armstrong reportedly met with President Trump to discuss staff appointments and is welcomed by the CFTC to X.
Bobby Franklin, president of the National Venture Capital Association (NVCA), a lobbying group, has issued a statement in support of Quintenz’s nomination. ”
His pending appointment comes when the CFTC is plagued by controversy. Acting Committee Chairman Caroline Fam recently deleted the HR head and the agency issued a statement filed against the person. This was after Bloomberg reported that an internal investigation was being conducted at the government agency.
Quintenz is the latest affiliate of A16Z to find your way to the White House. The company is so involved in the Trump administration that avid Trump supporter, Mark Andreessen, is said to be quietly helping recruit government staff.
Elsewhere, former general partner of A16Z, Sriram Krishnan, is currently the White House Senior Policy Advisor. Scott Kpoe, one of the company’s managing partners, was tapped to lead the Human Resources Administration. And Jamie Sullivan, another investor in the company, is rumoured to be advising Doge.
Source link
