A group of Crypto political advocacy organizations sent President Trump a joint letter supporting Brian Quintenz as president of the CFTC. Their firm recommendation is addressed to the personal opposition of the Winklevoss twins.
The allies of Quintenz include the digital room, the Blockchain Association, the Crypto Council for Innovation and the DEDUCE FUND. This factional battle highlights certain live disputes within the industry.
Quintenz brings together the support for submission CFTC
President Trump’s second term gave a wave of Pro-Crypto regulations, but the road was periodically jumped. In February, Trump appointed Brian Quintenz to be the next CFTC chairBut its approval process is in limbo.
The president of the Sec, Paul Atkins, was also faced with delays, but he started months ago.
So what gives? According to some information, the Winklevoss twins have personally contacted Trump, asking him to cancel the appointment of Quintenz to the CFTC.
However, new reports have said that Quintenz has rallied its own industry allies. Today, several crypto trade groups have signed a joint letter to President Trump, expressing their support for Quintenz:
“M. Quintenz includes digital assets not only as financial innovations, but as fundamental technologies with large -scale implications for property, identity and value in the digital age. Each of our organizations has had the privilege of knowing and working with Mr. Quintenz Firsthand, and we can attest to his in -depth expertise, healthy judgment, of Mr. Quintenz “, and the letter of the letter.
These organizations have congratulated the role of Quintenz in the support of crypto policy in a proactive manner, saying that he would be an ideal candidate for the president of the CFTC. Winklevoss’s opposition contrasts strongly with this brilliant approval. A fundamental difference in political philosophy can be blamed.
Two visions of the future of American cryptography
After the Sec has abandoned its investigation into Gemini, Cameron Winklevoss published a hostile public statement, demanding serious consequences for Gary Gensler and other anti-Crypto regulators.
This included life prohibitions for federal employment, financial sanctions, public ostracism, etc. Such measures would paralyze the dry.
Brian Quintenz, for its part, wants the CFTC to be a stronger institution that can fight in the name of Crypto. This apparently aligned with the objectives of writers, while the Winklevoss twins could prefer the maximum low regulators. This dispute already took place at the dry, while the pro-Crypto commissioners interrupted the Doge Cuts.
The cryptography industry must answer difficult questions about the political future it wants. Brian Quintenz CFTC’s meetings are just a symptom. Is it better to have a strong friend or a weak enemy? What strategy will help the future anti-Crypto momentum to prevent?
For the moment, regulatory developments continue to promote cryptography and conduct traditional adoption. However, the changing CFTC dynamics could shape how the regulator considers long-term digital assets, even beyond the administration of Donald Trump.
Post-Crypto Industry rallies behind the choice of Trump CFTC, highlighting political tensions appeared first on Beincrypto.
