Reported 2 days ago
Brian Quintenz, nominated by President Trump to lead the CFTC, faced questions from Democratic senators regarding potential conflicts of interest related to his positions in the crypto industry and prediction markets. During his confirmation hearing, he affirmed his commitment to resign from existing roles if confirmed, while advocating for clearer regulatory frameworks for digital assets and prediction markets. Concerns were raised about his independence, particularly his association with Kalshi Inc., which clashes with CFTC authority on bet placements. Quintenz asserted the necessity for additional funding and resources to handle expanded agency duties if new regulations emerge.
Source: YAHOO