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Trump Nominee for CFTC Chair Quintenz Reveals 3.40 million Dollar Crypto Assets

On May 28th, Brian Quintenz, Trump's nominee for chairperson of the US Commodity Futures Trading Commission (CFTC), declared at least $3.40 million in crypto assets in public filings of the Office of Government Ethics, including a16z crypto fund, prediction market platform Kalshi and derivatives broker equity. Quintenz is the current head of a16z crypto policy and a former CFTC commissioner. The White House has yet to issue a formal statement on the CFTC chairperson, but CFTC officials have confirmed Brian Quintenz as a candidate. If Quintenz is officially elected, he will divest crypto-related assets within 90 days, recuse himself from a16z-related matters for two years, and will not participate in the review of Kalshi matters for one year. Quintenz's crypto portfolio directly involves two of the CFTC's regulatory areas, crypto assets and prediction markets, and Kalshi just settled with the CFTC this month over an election betting lawsuit.