Brian Quintenz, Mr. Trump's nominee to head the US Commodity Futures Trading Commission, has had his Senate agriculture committee confirmation vote delayed again, the second time his appointment process has been blocked. The CFTC is seen as a key body that will dominate US cryptocurrency regulation in the future.
The vote, originally scheduled for Monday, was canceled for an unspecified reason. Any appointments will be further delayed as the Senate heads into its August recess. If Quintenz is ultimately approved, it could face a situation where there is only one Democratic member of the CFTC, and there are concerns about whether the "one-person committee" is legitimate to make regulatory decisions.
At this time, the US Congress is advancing a new bill to give the CFTC oversight of the crypto cash market, and the delay confirmed by Quintenz may bring uncertainty to the relevant legislative and regulatory framework.
US CFTC candidate Quintenz meets again, confirmation process delayed, crypto regulatory dominance unclear
2025-07-28 22:53:42
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