Several cryptocurrency and blockchain organizations are advocating for the prompt confirmation of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC). The Senate Agriculture Committee delayed a vote on Quintenz’s confirmation days before the August recess at the request of the White House. Gemini co-founders pressed Trump to reconsider the nomination. Quintenz previously served as a CFTC commissioner from 2017 to 2021.

Even if Quintenz is quickly confirmed, the CFTC still faces vacancies that could slow its work, including related to crypto. The current five-member panel only consists of acting Chair Caroline Pham and Commissioner Kristin Johnson. Other commissioners have departed this year, leaving a potential leadership gap. Senator Cynthia Lummis is pushing for legislation clarifying the roles of the CFTC and SEC in the crypto market.

The advocacy organizations believe Quintenz is well-suited to lead the CFTC due to his experience with digital assets. The need to confirm CFTC leadership is emphasized in light of pending legislation for crypto market structure. The magazine discusses Bitcoin’s long-term security budget problem and potential impending crisis. Senator Lummis expects the market structure bill to be signed into law before 2026.

Read more at cointelegraph.com: Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair