Trump admin pulls Brian Quintenz as CFTC nominee: Report

Replace (Oct. 1, 12:10 am UTC): This text has been up to date so as to add a remark from Brian Quintenz and additional info.

The Trump White Home has withdrawn Brian Quintenz’s nomination to guide the Commodity Futures Buying and selling Fee.

“Being nominated to chair the CFTC and going by way of the affirmation course of was the glory of my life,” Quintenz informed Cointelegraph, confirming a Politico report on Tuesday

“I’m grateful to the President for that chance and to the Senate Agriculture Committee for its consideration,” Quintenz added. “I look ahead to returning to my non-public sector endeavors throughout this thrilling time for innovation in our nation.”

Quintenz, a former CFTC Commissioner and head of crypto coverage at a16z, was broadly backed by the crypto business, however his nomination confronted delays in Congress and reported pushback from crypto trade Gemini co-founders Tyler and Cameron Winklevoss.

The White Home has but to formally announce the transfer, and it’s unclear why Quintenz’s nomination was withdrawn.

Quintenz, Winklevoss public spat over nomination

Quintenz had beforehand claimed that the Winklevoss brothers had interfered together with his nomination for the position, pressuring President Donald Trump to drop his decide.

Quintenz shared a collection of personal messages between himself and the Winklevosses on X final month, claiming Trump “might need been misled.”

Associated: US regulators dismiss SEC-CFTC merger rumors, transfer to dispel crypto ‘FUD’ 

“I consider these texts make it clear what they have been after from me, and what I refused to vow,” Quintenz stated. “It’s my understanding that after this trade they contacted the President and requested that my affirmation be paused for causes aside from what’s mirrored in these texts.”