Trump's nominee for CFTC chairman, Quintenz, disclosed $3.4 million in encryption assets.

On May 28, Cointelegraph reported that Trump's nominee for the chairmanship of the U.S. Commodity Futures Trading Commission (CFTC), Brian Quintenz, declared at least $3.4 million in crypto assets, including the a16z crypto fund, prediction market platform Kalshi, and derivatives broker equity in public filings in the government's ethics office. Quintenz is the current head of crypto policy at a16z and a former CFTC commissioner. The White House has not yet issued a formal statement on the CFTC chairmanship, but CFTC officials have confirmed Brian Quintenz as his candidacy, and if Quintenz is formally elected, he will divest crypto-related assets within 90 days, recuse himself from a16z-related matters for two years, and refrain from participating in the Kalshi review for one year. Quintenz's crypto portfolio is directly involved in the CFTC's two major regulatory areas — crypto assets and the prediction market — and Kalshi just reached a settlement with the CFTC this month over an election betting lawsuit.