The Trump administration is seeking new candidates to lead the Commodity Futures Trading Commission as Brian Quintenz’s confirmation has stalled. Potential candidates include Michael Selig and Tyler Williams. Quintenz’s nomination hit a wall in July after interference from Gemini co-founder Tyler Winklevoss. The White House has requested the Senate pause the vote.

The Winklevoss twins are influencing the situation by backing Trump’s campaign with donations. The CFTC is understaffed, with only acting Chairman Caroline Pham remaining. The agency is expected to gain expanded oversight of crypto assets under pending legislation. The White House is exploring alternatives for the CFTC leadership.

The CFTC has made moves to support the crypto industry in the US. This includes allowing offshore exchanges to serve US citizens under the “crypto sprint” initiative. In August, the Commission launched an initiative to enable trading of “spot crypto asset contracts” on CFTC-registered futures exchanges. A pro-crypto agency head will likely advance crypto-friendly legislation in the US.

Read more at Cointelegraph: Trump Weighs New CFTC Chair Picks As Quintenz Stalls