Winklevoss Brothers Urged Trump to Drop CFTC Nominee Brian Quintenz: Report

Key Points

1. The Senate delayed a vote on Quintenz’s nomination at the White House’s request, though officials later reaffirmed him as the administration’s pick.

2. Tyler and Cameron Winklevoss argued that Quintenz, a former CFTC commissioner, lacked the bold vision needed to align the agency with Trump’s crypto ambitions.

3. Trump aims to make the US the 'crypto capital of the world' and plans to expand the CFTC’s authority over crypto assets like Bitcoin and Ether.

4. Quintenz’s role at Kalshi, a prediction market platform, has raised ethics questions, with critics pointing to potential conflicts of interest.

5. Emails surfaced on Capitol Hill reportedly show Quintenz’s involvement in matters that could affect CFTC-regulated betting markets.