Seven Crypto Groups Call for Quintenz as CFTC Chair

- Crypto groups urge swift confirmation of Quintenz. - Delays and political opposition challenge crypto regulatory agenda. On August 20, 2025, a coalition of seven top cryptocurrency advocacy organizations, including the Crypto Council for Innovation, the Blockchain Association, and the DeFi Education Fund, urged the Senate to confirm Brian Quintenz as chair of the Commodity Futures Trading Commission (CFTC). In a letter, the groups stated that Quintenz is "exceptionally well-suited" to lead the agency, stressing that his extensive experience will help address critical regulatory gaps in digital asset markets. The coalition also sent a letter to President Donald Trump, urging immediate action on Quintenz’s confirmation and highlighting its importance for advancing the administration’s digital asset agenda. However, the process faces delays, as the Senate Agriculture Committee postponed a vote at the White House's request. The situation is further complicated by reports that Gemini co-founders Cameron and Tyler Winklevoss have lobbied Trump to reconsider the nomination, suggesting Quintenz may not fully align with the president’s crypto objectives. Staffing shortages at the CFTC heighten the urgency of Quintenz’s confirmation. The commission’s five-member panel currently operates with only two commissioners: acting Chair Caroline Pham and Commissioner Kristin Johnson. The agency faces operational challenges because several commissioners have already departed and others are preparing to leave. As a result, if confirmed, Quintenz could be the sole voice at the regulatory helm during a pivotal period for the evolving crypto industry. As of August 20, 22:09 UTC, Solana (SOL) is trading at $187.197, with a 4.823% change in 24-hour trading volume, according to CoinMarketCap.