The choice of US President Donald Trump to chair the Commodity Futures Trading Commission has disclosed millions of dollars in assets, as well as his various links with organizations related to crypto.
In the documents published by the US Office of Government Ethics on May 25, Brian Quintenz revealed its key positions in crypto and market companies that would directly relate to the regulatory priorities of the CFTC and disclosed assets of at least $ 3.4 million, according to a Bloomberg report on May 27.
Quintenz was commissioner of the CFTC from 2017 to 2021 and is currently the world leader in cryptographic policy in Andreessen Horowitz, a position which he declared that he would move if the Senate confirms it as president of the CFTC.
It has an interest in three investment funds in capital management AH, CNK Fund III, CNK Seed 1 Fund and CNK IV Fund, as well as capital commitments to related general partners.
He is also a member of the board of directors of the Kalshi prediction market platform and has actions purchase options and not acquired in the company, as well as action purchase options and acquired in derivatives of the level of financial and loan brokerage.
Its portfolio believes itself directly with two main political areas of the CFTC, the markets of regulation and the prediction of cryptographic assets. Kalashi settled a major legal battle with the CFTC on electoral betting at the beginning of the month.
Quintenz described the measures he will take to avoid conflicts of interest if they were confirmed as president of the CFTC in a letter of agreement to John Einstman, the head of the ethics of the CFTC appointed agency, dated May 21.
“I will not participate personally and substantially in a particular question in which I know that I have a financial interest directly and predictable by the issue,” he said.
An extract from Brian Quintenz’s letter. Source: American Office for Government Ethics
He added that he would resign from all positions and yield the contradictory assets within 90 days of confirmation. This includes the recovery of A16Z questions for two years, Kalashi Matters’s recovery for one year and the loss of purchase options of not acquired actions in several companies.
In relation: Crypto perm future to come “very soon”, explains Mersinger from CFTC
Quintenz also said that he would respect the standard laws of conflicts of interest and obtain information sessions on ethics, but would retain unpaid trustee positions for two family trusts.
Trump appointed Quintenz to direct the financial regulator in February and are currently waiting for confirmation from the Senate.
CFTC Commissioner Exodus continues
The CFTC experienced an exodus of the commissioners recently in the middle of the concern about the crypto embrace of the Trump administration, with potentially the remaining four positions which are to be won this year.
On May 21, Democrat Commissioner Kristin Johnson announced that she was planning to leave the agency later this year.
Meanwhile, Commissioners Summer Mersinger and Christy Goldsmith Romero previously declared that they would resign respectively on May 30 and 31.
Review: Bitcoin Bears Eye 69K $, Cz denies the rumors of the WLF “ fix ”: Hodler’s digest
