The confirmation process of CFTC Chairman Brian Quintenz, nominated by Trump, has been stalled

BlockBeats News, August 8th. According to cryptocurrency journalist Eleanor Terrett, the nomination process of Brian Quintenz, the CFTC chairman nominated by Trump, has been stalled. Internal emails obtained under the Freedom of Information Act revealed that Quintenz may have had access to confidential CFTC information during his tenure as a director at Kalshi, a prediction market regulated by the agency. A detailed email blog post on this matter is circulating on Capitol Hill, raising questions about the situation. The White House has asked the Senate Agriculture Committee to delay the scheduled confirmation vote.

Meanwhile, at the end of last month, the White House reiterated its support for Trump's nomination of Brian Quintenz as the chairman of the Commodity Futures Trading Commission (CFTC). On July 31st, the White House made it clear that Quintenz remains the top choice for the position and is expected to be confirmed promptly.