TechFlow news, August 1 — According to FinanceFeeds, Brian Quintenz, the nominee for chair of the U.S. Commodity Futures Trading Commission (CFTC), is facing opposition from key figures in the cryptocurrency industry. Tyler Winklevoss, co-founder of Gemini exchange, stated that Quintenz is unfit for the position.
Quintenz currently serves on the board of Kalshi, a prediction market company. Recently, he was reported to have potentially sought non-public CFTC information regarding competing platforms, raising concerns about conflicts of interest. Additionally, his stance supporting accountability for smart contract developers and his favorable position toward central bank digital currencies (CBDCs) contradict the cryptocurrency industry's principles of openness and decentralization.
