Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Brian Quintenz, a selection of US President Donald Trump, to chair the US Business Futures (CFTC) Commission, is to appear before the legislators when his nomination moves forward in the Senate. His role could be significantly expanded if the current legislation moves the crypt supervision of the agency.
Senate Agriculture Committee will Organize a meeting and consider the nomination for Quintenz before a possible vote on the floor on Monday. The meeting will be followed by the hearing held by the Committee in June, which means the first step in its nomination since Trump announced it in February.
The Committee meeting is expected to come because the Senate will consider the Clearness of the Digital Property Market (Clarity) Passage in the House of Representatives Thursday.
The draft law on the structure of digital assets is expected to provide CFTC greater power over the regulation of cryptocurrencies when moving the supervision now carried out by the Securities and Stock Exchange Commission (SEC).
In addition, Quinzenz’s potential confirmation of the US financial regulator could fully support the Commission employees after resignation and conditions.
Since July, only the acting chairwoman of CFTC Caroline Pham and Commissioner Kristin Johnson have served in the agency, but both are It is expected to leave In 2025, Quintenz, a Republican, left as a potentially its only member. On Friday, Trump did not announce any other nominations for the Commissioners.
Related: US justice department, CFTC End Polymarket Investigations – Report
The market crypto structure still has ways to go to Congress
Although the house passed a law on clarity with significant bipartisan support, it was not unclear at the time of publication whether the bill in the Senate would be unclear.
Management in the Senate Banking Committee in June said they planned to pass an account before October.
https://www.youtube.com/watch?v=alc2u0ynfca
The impact of the completed law on CFTC and SEC and their role in regulating digital assets must be seen. Pham, however, has publicly supported Market structure and Stablecoin accounts that provide Trump for most of the loan for their passage.
“CFTC is ready to fulfill our mission and oversee our markets that allow us to grow and competitiveness,” said the reigning chairman on Friday.
Magazine: Will Robinhood’s tokenized shares really take over the world? Advantages and disadvantages
