Senate to consider Trump's CFTC pick as crypto oversight hangs in the balance
2025-07-18 19:17:15
Main Idea
The Senate Agriculture Committee will consider Brian Quintenz's nomination as CFTC chair, which could leave him as the sole commissioner by 2025, amid ongoing discussions about crypto oversight and the CLARITY Act.
Key Points
1. Brian Quintenz, nominated by President Trump, is set for a Senate Agriculture Committee hearing to potentially chair the CFTC.
2. If confirmed, Quintenz could become the sole CFTC commissioner by 2025 as other members are expected to depart.
3. The CLARITY Act, which passed in the House, seeks to clarify the CFTC's role over the SEC in crypto regulation, but its Senate prospects remain uncertain.
4. Acting CFTC Chair Caroline Pham has advocated for regulatory clarity to support US economic growth and competitiveness.
5. Trump has not announced additional CFTC commissioner nominations as of the report.
Description
The Senate Agriculture Committee will hear from prospective CFTC chair Brian Quintenz, who could be the sole commissioner at the US regulator by the end of 2025.
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