According to Foresight News, The Block reported that Brian Quintenz, the nominee for Chairman of the U.S. Commodity Futures Trading Commission, promised in a written statement before the nomination hearing to provide clear classification and jurisdiction for regulating the digital asset market. Quintenz stated, "It is now time to establish a comprehensive regulatory framework for cryptocurrency assets, including clear token classification and clear jurisdiction over trading market regulation." He will use his experience as the a16z crypto policy director to develop future cryptocurrency regulations. Quintenz recently disclosed its holdings of $3.4 million in assets, including holdings in cryptocurrency related companies such as the predictive market platform Kalshi. The company has been in a long-standing legal dispute with the US Commodity Futures Trading Commission (CFTC). Quintenz has previously stated that if he is confirmed as the chairman, he will recuse himself from matters that may cause conflicts of interest and relinquish positions that may cause conflicts of interest.
