Key Takeaways
- The agriculture committee had previously postponed a July 21 meeting that was also expected to advance Quintenz’s nomination.
- Quintenz previously served as a commissioner at the CFTC from 2017 to 2021
The White House has once again delayed the confirmation process of Brian Quintenz, President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), halting a scheduled Senate Agriculture Committee vote for the second time in a week.
Quintenz, a former CFTC commissioner, was set for a critical vote Monday, but the administration requested another delay without explanation. The agriculture committee had previously postponed a July 21 meeting. The meeting was also expected to advance Quintenz’s nomination. The agriculture committee had been scheduled to consider President’s Trump’s choice to lead CFTC before going on recess on Aug. 4.
The delays have raised concerns about a leadership vacuum at the CFTC during a period of heightened focus on U.S. crypto regulation. Lawmakers are currently weighing legislation that would give the agency expanded oversight of domestic crypto trading.
Quintenz previously served as a commissioner at the CFTC from 2017 to 2021 after being nominated by Ex-President Barack Obama in 2016. He appeared before the Senate Agriculture Committee in June, where he was questioned on his policy decisions. Public disclosures from that hearing revealed approximately $3.4 million in assets.
