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Julia Smith
Author
Julia Smith
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The White House has formally rescinded its nomination of a16z policy head Brian Quintenz to the role of Commodity Futures Trading Commission (CFTC), per a Politico report published Tuesday.
White House Withdraws CFTC Chair Offer
According to the September 30 report, two anonymous sources confirmed to the media outlet that Quintenz’s nomination had been withdrawn ahead of a formal public announcement.
“Being nominated to chair the CFTC and going through the confirmation process was the honor of my life,” Quintenz said in a statement. “I am grateful to the President for that opportunity and to the Senate Agriculture Committee for its consideration.
“I’m looking forward to returning to my private sector endeavors during this exciting time for innovation in our country,” he added.
News of the White House’s decision to pull Quintenz’s nomination follows reports that Gemini co-founders Tyler and Cameron Winklevoss pressed U.S. President Donald Trump not to go forward with the former CFTC commissioner’s confirmation process.
On September 10, Quintenz took to social media to allege that the Winklevoss twins made an appeal to U.S. President Donald Trump to have Quintenz’s nomination “paused.”
In a message exchange with Winklevoss shared by Quintenz, the longtime crypto donor discussed concerns over the CFTC’s June 2025 complaint against Gemini regarding investigative misconduct.
“I believe these texts make it clear what they were after from me, and what I refused to promise,” Quintenz said. “It’s my understanding that after this exchange, they contacted the President and asked that my confirmation be paused for reasons other than what is reflected in these texts.”
Several names have been circulating in the press as potential replacements to lead the federal regulator in recent weeks, including former CFTC official Josh Sterling, National Credit Union Administration (NCUA) Chair Kyle Hauptman and former CFTC commissioner Jill Sommers.
However, it remains to be seen just who will go on to spearhead the CFTC under Trump’s second term.
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