White House Withdraws Quintenz's CFTC Nomination, Crypto Industry Awaits New Chair
The New York Post reports that the White House has withdrawn Brian Quintenz's nomination for CFTC chair, surprising the crypto news industry. The process to find a new chairman is now underway, with several candidates being considered.
Quintenz's nomination ended abruptly after he claimed the Winklevoss brothers misled President Trump about disputes with Gemini and the CFTC. Following this, the White House is reportedly considering Michael Selig and Tyler Williams for the role. Both candidates are well-versed in cryptocurrency and have experience in regulatory bodies.
The crypto industry is closely watching the news, as the new chairman will have significant influence over digital market regulation. The CFTC plays a crucial role in overseeing cryptocurrency derivatives, and the industry eagerly awaits the White House's final choice.
The withdrawal of Brian Quintenz's nomination has opened the door for new candidates, with Michael Selig and Tyler Williams currently under consideration. The crypto news industry is closely monitoring the situation, as the new CFTC chairman will have a substantial impact on digital market regulation.
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