Brian Quintenz, who is leading a policy for Andreessen Horowitz’s cryptocurrency team, announced on Wednesday that he was attached to head the Commission on Trade Futures Trade (CFTC), according to his X post. And many in the VC industry seem to be thrilled about it.
The CFTC regulates the trading of commodities, options and exchanges, otherwise known as derivatives. It is also involved in enforcing regulations affecting some cryptocurrency.
He previously served as Commissioner for the CFTC during the first Trump administration, according to his A16Z -Biography And, before that, he founded the investment company Saeculum Capital Management.
He joined A16Z in 2021 as an advisory partner before becoming a leader of politics for its crypto arm.
His appointment received support from some big names in the industry. About X, many working for the A16Z Crypto arm sent its congratulations.
Brian Armstrong, co -founder and CEO of Coinbase, who reportedly met with President Trump To discuss staff, posted X welcoming Quintenz to the CFTC.
Bobby Franklin, president of the National Venture Capital Association (NVCA), a lobby group, issued a statement in support of Quintenz’s appointment, saying that his government and corporate experience will “provide valuable prospects as he helps the highest regulatory body for the crypto market . ”
His pending appointment comes at a time when the CFTC was intermingled in dispute. The acting chair, Caroline Pham, recently removed RH’s head, and the Agency released a statement That made charges against this person. This after Bloomberg reported that internal investigations took place at the agency.
Quintenz is the latest A16Z subsidiary to find his way to the White House. The company has become so involved with the Trump administration that co-founder Marc Andreessen, an ardent Trump supporter, is said to be quietly Helping with government staff.
Elsewhere, Sriram Krishnan, a former general partner at A16Z, is now a White House advisor; Scott KUPor, one of the company’s managing partners, was struck to guide the office of personal management, and Jamie SullivanAnother investor at the company is Reportedly advisable Doge.
