Donald Trump pulled his nominee to lead a powerful Wall Street regulator after cryptocurrency billionaires accused him of not being aligned with the president’s agenda.
Brian Quintenz, who Trump had nominated to lead the Commodity Futures Trading Commission, told NOTUS he is “looking forward to returning to my private sector endeavors during this exciting time for innovation in our country.” He had stepped away from his role as global head of policy at the venture capital fund a16z crypto pending his confirmation.
“Being nominated to chair the CFTC and going through the confirmation process was the honor of my life,” Quintenz said in a statement to NOTUS. “I am grateful to the President for that opportunity and to the Senate Agriculture Committee for its consideration.”