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crypto groups endorsing brian quintenz for cftc prez amidst bank brawl?! 🧠🔥🚨 quintenz’s expertise key
wait, so Quintenz is the new CFTC president?? 🤯 how will this impact the crypto vs. traditional banking showdown?!
In the midst of regulatory tensions with banks, the Crypto Council for Innovation and the Blockchain Association back Brian Quintenz for CFTC President, citing his
The Crypto Council for Innovation (CCI) and the Blockchain Association endorse Brian Quintenz as President of the Commodity Futures Trading Commission (CFTC) on August 20. They highlight his expertise, judgment, leadership, and integrity. Quintenz’s experience is seen as crucial for guiding the CFTC during a significant period for American financial markets and the digital asset ecosystem. The endorsement emphasizes his ability to implement regulations supporting innovation, market integrity, and American economic competitiveness.
The same coalition also opposed recent modifications by American banks to the Genius Stablecoin Regulation Act, arguing that the changes would favor banks unfairly and hinder industry growth and consumer choice.Traditional financial institutions warn of potential losses in the traditional banking sector due to the regulatory gap, while crypto organizations argue for the benefits of allowing regulated platforms to offer incentives to customers.
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