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

[Trump's nomination of CFTC chairman candidate Quintenz disclosed $3.4 million in crypto assets] On May 28, Trump's nomination of Brian Quintenz, a candidate for the chairmanship of the U.S. Commodity Futures Trading Commission (CFTC), declared at least $3.4 million in crypto assets in public documents of the government's ethics office, including a16z crypto fund, prediction market platform Kalshi and derivatives broker equity. Quintenz is the current head of encryption policy at a16z and a former CFTC commissioner. The White House has not yet made an official statement regarding the candidate for the CFTC Chairman, but CFTC officials have confirmed that Brian Quintenz is a candidate. If Quintenz is officially elected, he will divest of encryption-related assets within 90 days and will avoid matters related to a16z for two years, and will not participate in the review of Kalshi matters for one year. Quintenz's encryption portfolio directly involves two major regulatory areas of the CFTC—encryption assets and prediction markets, and Kalshi just reached a settlement with the CFTC regarding election betting litigation this month.