Trump’s Crypto Pick: A Comedy of Regulations?!

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Hold onto your hats, folks! President Donald Trump is reportedly planning to nominate Brian Quintenz, the policy bigwig at Andreessen Horowitz’s crypto division, to lead the Commodity Futures Trading Commission (CFTC)! 😲

That’s right, the ex-CFTC Commissioner might be back in the driver’s seat, steering the regulatory ship towards crypto-ville! But don’t get too excited—there’s no official word yet. Just a little birdie named Bloomberg and a document sent to Capitol Hill on Feb. 11.

Acting CFTC Chair Caroline Pham, who worked with Quintenz before, gave him a warm welcome. She said, “He will do the same for crypto and innovation. I look forward to supporting Brian and his leadership at the CFTC.” Aww, ain’t that sweet? 🤗

Now, if confirmed, Quintenz is expected to champion regulatory changes that could boost the CFTC’s prominence as the go-to crypto regulator. Imagine that! A pro-crypto CFTC! 🤯

But wait! There’s more! The document also reveals Trump’s picks for other financial positions:

  • Jonathan Gould as the Comptroller of the Currency
  • Jonathan McKernan for director of the Consumer Financial Protection Bureau

If McKernan gets the job, he’ll have his hands full, taking over an agency that’s been through the wringer after Trump’s “Department of Government Efficiency” stint under Elon Musk. Yikes! 🙀

Meanwhile, in Crypto Land…

Despite all the excitement in the US, crypto markets are on a downward spiral. 😔 Total market cap has plummeted 3.6% in the past 24 hours, and Bitcoin and Ethereum are also taking a beating. 💸

But hey, don’t let that get you down! Just remember: In crypto, it’s always “buy the dip” time! 🚀

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2025-02-12 18:55