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Brian Quintenz , who head policy for Andreessen Horowitz ’s crypto team , announce on Wednesday that he ’s being tapped to head the Commodity Futures Trading Commission ( CFTC ) , according to hisX station . And many in the VC diligence come out to be thrilled about it .
The CFTC baffle the trading of commodity futures , options , and swaps , otherwise known as derivative . It is also involve in the enforcement of regulations impacting some crypto .
He previously served as a commissioner for the CFTC during the first Trump administration , according to hisa16z biographyand , prior to that , he found the investing business firm Saeculum Capital Management .
He fall in a16z in 2021 as an consultative spouse before becoming school principal of policy for its crypto arm .
His naming welcome support from some big names in the diligence . On X , many put to work for the a16z crypto arm mail their congratulations .
Brian Armstrong , co - founder and CEO of Coinbase , who reportedly fulfil with President Trumpto discuss staff assignment , send on Xwelcoming Quintenz to the CFTC .
Bobby Franklin , president of the National Venture Capital Association ( NVCA ) , a lobbying group , release a statement in support of Quintenz ’s nominating speech , say his regime and venture experience will “ provide worthful view as he helm a top regulatory body for the crypto market . ”
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His pending appointment come at a time when the CFTC has been grind to a halt in contention . The acting chair , Caroline Pham , late removed the head of 60 minutes , and theagency released a statementthat made allegations against this person . This afterBloomberg reportedthat there were intimate investigations going on at the way .
Quintenz is the late affiliate of a16z to find his way to the White House . The house has become so involved with the Trump administration that co - founder Marc Andreessen , an ardent Trump booster , is say to be quietlyhelping with government staff recruitment .
Elsewhere , Sriram Krishnan , former general married person at a16z , is now a White House aged policy advisor ; Scott Kupor , one of the business firm ’s manage partners , was tapped to leadthe Office of Personnel Management ; and Jamie Sullivan , another investor at the firm , isrumored to be advisingDOGE .