Famed for his crypto-friendly stance, Brian Quintenz объявил his departure from the post of Commissioner of the Commodity Futures Trading Commission (CFTC).
Quintenz’s term expired back in April 2020 — at the time he undertook to resign by October. The law, however, allowed him to remain at the CFTC through the end of 2021.
“With no successor successfully appointed, I decided to stay in my post this year to ensure that my voice would be heard, as important questions about the derivatives market and financial innovations were raised during the administration transition,” the commissioner wrote.
His seat will be vacant as of August 31.
“During my tenure the CFTC oversaw the listing of Bitcoin futures contracts; the custody of digital assets within traditional clearing infrastructure; the spread of blockchain technology; the creation of tokenized goods and the rapid spread of decentralized finance (DeFi),” Quintenz noted.
He also said he would maintain a positive outlook toward the cryptocurrency industry.
In January 2021, Heath Tarbert left the post of CFTC chair. Under his leadership, the agency approved a definition of delivery of cryptocurrency to a buyer, announced a competition to create tools to track unregistered derivative offerings, and announced a comprehensive framework for regulating digital assets.
Bloomberg sources reported that President Joe Biden’s administration назначить Ростина Бехнама as chair of the CFTC.
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