Trump’s CFTC Pick Brian Quintenz Faces Crypto Questions at Senate Hearing

President Donald Trump’s nominee for Commodity Futures Trading Commission (CFTC) chairman, Brian Quintenz, addressed an avalanche of cryptocurrency questions during his Senate confirmation hearing, highlighting crypto regulation as a top priority. Quintenz, a former CFTC commissioner and a16z’s policy head, emphasized the agency's ability to strike a balance between innovation and consumer protection.

Quintenz told lawmakers that upcoming market structure legislation could make the CFTC the primary U.S. crypto regulator, overseeing digital commodities like bitcoin. He welcomed this possibility, stressing that regulatory clarity can support entrepreneurs and developers while safeguarding users. He expressed readiness to leverage the agency’s existing powers and to help implement any future expanded role.

Despite his qualifications, Quintenz steps into a CFTC in transition. With several commissioners resigning, including Acting Chair Caroline Pham and Democrat Kristen Johnson, Quintenz could temporarily lead a one-member commission—raising potential legal risks. Addressing concerns over political imbalance, Quintenz said presidential appointments are the executive branch’s prerogative, deflecting calls to advocate for bipartisan representation.

Quintenz acknowledged the need for increased funding and staff if the CFTC is tasked with regulating spot crypto markets. He emphasized a “technology-first approach” to improve efficiency and regulatory capacity.

Senators also questioned Quintenz about prediction markets, given his role on the board of Kalshi, which clashed with the CFTC over event contracts. He defended such contracts as legitimate risk management tools under the Commodity Exchange Act.

Quintenz’s deep crypto background and regulatory stance signal a pivotal shift for the CFTC, which may soon play a central role in shaping the future of U.S. digital asset oversight. His confirmation would mark a significant development for both crypto policy and regulatory leadership.