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⭐A16z policy director is expected to become CFTC chairman
It is reported that U.S. President Donald Trump intends to nominate Brian Quintenz, the policy director of (a16z)'s cryptocurrency subsidiary, as the chairman of the Commodity Futures Trading Commission.
In a document submitted to the White House and Congress, Trump's plan to nominate Quintenz as the next CFTC chairman was disclosed. If Quintenz is ultimately confirmed as CFTC chairman, it is widely expected that he will vigorously promote policy measures favorable to cryptocurrencies, making the CFTC the core regulatory agency for the crypto industry, replacing the position of the U.S. Securities and Exchange Commission in this regard.
A16z is one of the largest venture capital firms in the crypto industry, for
Hundreds of crypto startups provide funding.