Tyler Winklevoss warns Trump team that Brian Quintenz is unfit to lead the CFTC

Discover the newest developments in the AI & Blockchain area. This article dives into: “Tyler Winklevoss warns Trump team that Brian Quintenz is unfit to lead the CFTC”.

Key Takeaways

• Tyler Winklevoss has raised issues about Brian Quintenz’s conflicts of curiosity and suitability to lead pro-crypto regulation.
• Brian Quintenz’s nomination as CFTC chair faces opposition due to moral issues and lack of alignment with pro-crypto agendas.

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Tyler Winklevoss, co-founder of Gemini, has warned Trump’s team that CFTC nominee Brian Quintenz is out of step with the administration’s deregulatory agenda and poses critical moral dangers that ought to disqualify him from the function, in accordance to the New York Post.

There is additionally rising unease that Quintenz’s coverage positions are at odds with Trump’s deregulatory agenda. His pro-regulation testimony has alienated each the crypto business and Trump-aligned Republicans, who now view him as out of step with the administration’s priorities.

“His stated positions are not aligned with President Trump and the Administration’s stated goals,” Winklevoss informed The Post.

Quintenz nomination for CFTC chair hits turbulence over Kalshi ties and leaked emails

On Monday, the White House unexpectedly delayed a key vote to advance Brian Quintenz’s nomination as CFTC Chair, sparking hypothesis throughout Washington about mounting opposition, journalist Eleanor Terrett reported.

Some level to strain from the American Gaming Association, which reportedly opposes his assist for authorized prediction markets. Others cite rising concern from crypto business figures like the Winklevoss twins.

Winklevoss mentioned that he was alarmed by Quintenz’s battle of curiosity regarding his board seat at Kalshi, a prediction market instantly regulated by the CFTC.

Controversy intensified after a weblog put up from The Closing Line started circulating amongst Capitol Hill staffers and crypto lobbying circles. Based on a FOIA request, the put up reveals emails during which Quintenz’s anticipated chief of employees sought entry to confidential CFTC info throughout the transition planning part.

It is problematic contemplating Quintenz’s function on Kalshi’s board and that the platform competes with others like Polymarket and PredictIt.

The backlash has reached Capitol Hill, the place insiders say Quintenz might now not have the votes to advance.

“Senators are concerned because they don’t want to face criticism over ethical issues, which could fuel Democratic campaign ads in the next midterm,” a Capitol Hill supply mentioned.

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