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Brian Quintenz, head of policy at a16z Crypto, during the Permissionless II event in Austin, Texas, US, on Monday, Sept. 11, 2023. The conference connects DeFi builders, DAO participants, protocol developers, crypto companies, funds, and institutions at the world’s largest DeFi event. Photographer: Thomas Allison/Bloomberg via Getty Images

Image Credits:Thomas Allison/Bloomberg / Getty Images

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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 .