Industry insiders believe that Trump will appoint a cryptocurrency supporter as the chairman of the CFTC
ChainCatcher news, as CFTC Chairman Rostin Behnam is about to step down, market observers believe that, given that elected President Trump has consistently supported individuals in the cryptocurrency sector for regulatory positions, he may appoint another candidate who supports cryptocurrency.Meanwhile, reports indicate that CFTC Republican commissioners Summer Mersinger and Caroline Pham are potential candidates for the acting chair position.Another candidate is Brian Quintenz, who previously served as a CFTC commissioner and advocated for innovative approaches during his tenure, including tokenized commodities and decentralized finance, making him a strong contender for the position. Quintenz is currently the policy director at a16z crypto, the digital assets division of a16z.Previous news reported that CFTC Chairman Rostin Behnam will resign on January 20, the day of President Trump's inauguration.Behnam expressed concerns that regulation of crypto assets, including Bitcoin and other cryptocurrencies, remains insufficient, stating: "There is still a significant portion of the crypto asset space that is unregulated within the U.S. regulatory framework. Given the adoption we see from some traditional financial institutions and the huge demand from retail and institutional investors for these products, it is crucial to fill this gap. The CFTC remains well-positioned to become the spot regulator for crypto commodity assets."
