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Crypto-friendly CFTC Commissioner Brian Quintenz Will Step Down On August 31

Mary Liu

Summary: US Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz announced today that he will step down on August 31, 2021.  Quintenz has been a well-known cryptocurrency advocate during his tenure. In his resignation statement, he emphasized his work on cryptocurrency issues: "the CFTC has overseen the listing of Bitcoin futures contracts; the custody of digital ...

US Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz announced today that he will step down on August 31, 2021. 

Quintenz has been a well-known cryptocurrency advocate during his tenure. In his resignation statement, he emphasized his work on cryptocurrency issues: "the CFTC has overseen the listing of Bitcoin futures contracts; the custody of digital assets within the traditional clearing infrastructure; the proliferation of blockchain technology; the creation of cryptographic, tokenized commodities; and the rapid expansion of decentralized finance (DeFi), which purports to realize the ultimate transparency-competition-innovation-reward dynamic of a true free market."

Quintenz also said that the next step is to return to the private sector and continue to vigorously advocate financial market innovation, free market participation, integrity of derivatives markets and sound financial supervision.

By Mary Liu

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