The Crypto Council for Innovation (CCI) and the Blockchain Association have come together to show their support for Brian Quintenz as the Chairman of the US Commodity Futures Trading Commission (CFTC). In a joint letter to President Donald Trump, the groups emphasized the importance of confirming Quintenz promptly to further the administration’s agenda of promoting a “golden age” for digital assets in America.
Both organizations have worked closely with Mr. Quintenz and have praised his expertise, judgment, leadership, and integrity. They believe that Quintenz’s experience makes him the ideal candidate to lead the CFTC during a crucial time for US financial markets and the digital asset ecosystem. They believe that he is well-equipped to implement regulations that encourage responsible innovation, protect market integrity, and enhance American economic competitiveness.
Quintenz, who was nominated in February, has faced delays in his confirmation vote due to concerns about potential conflicts of interest. Despite this, the CCI and the Blockchain Association remain steadfast in their support for him.
In addition to endorsing Quintenz, the coalition has also pushed back against a recent initiative by US banks to amend provisions in the GENIUS Stablecoin Regulation Act. They argue that the proposed changes would create an unfair advantage for banks, stifling industry growth, innovation, and consumer choice. The groups believe that allowing regulated platforms to offer benefits to customers promotes financial inclusion, fosters innovation, and ensures American leadership in the next generation of payments.
Overall, the support for Quintenz and the opposition to the banking industry’s proposed changes demonstrate a commitment to advancing the digital asset ecosystem in a way that promotes fairness, innovation, and economic growth.