White House pulls up pro-Cretto Quintendz’s CFTC nomination

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Recent reports show that the White House has withdrawn Brian Quintenz’s nomination to lead the Commodity Futures Trade Commission (CFTC), after the Pro-Crypto candidate’s confirmation process stalled in July.

Quintenz’s CFTC chair nomination withdraws

Politico reported on Tuesday that the White House canceled Brian Quintez’s nomination for CFTC chair after opposing opposition from major crypto industry players, according to two anonymous sources who spoke with the news media.

According to the report, White House officials confirmed Quintenz’s nomination had been withdrawn and confirmed that “Brian Quintenz remains a trusted ally and the Trump administration is looking forward to working with him with other capabilities.”

“President Trump has made the United States the world’s cryptocurrency capital a priority, and doing so calls for the revitalization of the Commodity Futures Trading Commission to ensure that this promise plays a greater role.”

It is worth noting that since July, President Trump’s CFTC president’s preferred choice came after the U.S. Senate Agriculture Committee postponed a crucial vote to push the course of the days before the August leave. At the time, it was reported that the committee delayed Quintendz’s confirmation process at the White House request.

Taylor and Cameron Winklevoss reportedly opposed the Gemini co-founder who allegedly urged President Trump to reconsider his CFTC presidential draft pick, noting that he would not “shake” the committee enough and not keep pace with Trump’s cryptocurrency agenda.

Last month, Quintenz appeared to confirm the reports, suggesting that the Winkleworth twins may have “misleaded” the U.S. president after a text message exchange between the three. As Bitcoiner reported, the cryptocurrency exchange founder asked the then-CFTC nominee’s opinion on the complaint letter, but ultimately disappointed and surprised his response.

“It is a lifelong honor to be nominated to be chaired by the CFTC and go through the confirmation process,” Quintenz said in a message to Politico. He confirmed, “I thank the President for this opportunity and the considerations of the Senate Agricultural Committee.” He added that he looks forward to returning to the private sector.

CFTC’s pro-Creputo leadership

Although Quintenz has received widespread support from the cryptocurrency and traditional finance industries, his nomination has been opposed not only by Winklevoss Twins. The report notes that the traditional gaming industry is associated with the former CFTC chairman candidate because he has ties to the emerging forecasting market company Kalshi.

Additionally, Democratic House member Dina Titus responded to the news on X, writing: “Okay. The CFTC deserves strong, independent leadership and will follow and enforce agency regulations.”

The White House official said a new candidate would be announced in the near future. Two weeks ago, Bloomberg reported that the Trump administration was weighing the delays in Quintenz’s confirmation process.

Among the competitors, the White House is reportedly considering Michael Selig, chief adviser to the Securities and Exchange Commission (SEC) crypto committee and Tyler Williams, digital asset policy adviser to Treasury Secretary Scott Bessent.

Josh Sterling is a former CFTC official, current partner of Milbank, and former CFTC commissioner Jill Sommers is also considered to lead the regulator, Politico sources said.

It is worth noting that the highly anticipated market structure is expected to shift most crypto market surveillance to the CFTC, thereby increasing regulatory responsibilities exponentially.

Currently, the agency is intended to be a two-person committee of five, thanks solely to Acting Chairman Caroline Pham, who is expected to leave the agency after electing permanent leaders.

Multiple industry participants stressed that installing a permanent chairman is “critical” to achieve the committee’s goals and ensure the “golden age of crypto innovation.”

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