The Trump White House withdrew Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission. Quintenz, a former CFTC Commissioner and head of crypto policy at a16z, faced delays in Congress and pushback from Gemini co-founders Tyler and Cameron Winklevoss. The move has not been officially announced, and reasons for the withdrawal remain unclear.

Quintenz claimed the Winklevoss brothers interfered with his nomination, pressuring President Trump to drop his pick. He shared private messages between himself and the Winklevosses, suggesting they misled Trump. The CFTC has been without a full-fledged chair for almost a year, with Acting Chair Caroline Pham leading until Quintenz’s nomination.

Read more at Cointelegraph: Trump Pulls Brian Quintenz Nomination for CFTC