CFTC Commissioner Brian Quintenz, who sponsored the watchdog’s Know-how Advisory Committee (TAC) and advocated for self regulation within the crypt
CFTC Commissioner Brian Quintenz, who sponsored the watchdog’s Know-how Advisory Committee (TAC) and advocated for self regulation within the crypto trade, will depart his publish by late October.
Quintenz’s statutory five-year time period ends this month. The longtime crypto advocate won’t search renomination and plans to remain on till his successor is appointed, he introduced Tuesday in a press release. The departure was first reported in Bloomberg.
It was a interval that ran parallel to the resurgence of the TAC.
One month after his affirmation in August 2017, Quintenez turned sponsor of the CFTC’s principally dormant Know-how Advisory Committee that had, in his opinion, largely didn’t maintain tempo with technological change partly by assembly simply twice within the earlier three years.
“Essential and engaging questions must be explored and answered,” he mentioned on the time of many tech initiatives, together with blockchain. “Distributed ledger know-how is on the verge of making a sea change in contract design, reporting and settlement.”
The Quintenz-sponsored TAC proceeded to type DLT and digital forex subcommittees and commenced assembly recurrently to contemplate stablecoins, digital currencies, DLT market infrastructure, and crypto custody.
“I’ve been notably honored to sponsor the CFTC’s Know-how Advisory Committee (TAC), the place we’ve had the chance to discover the extraordinary technological renaissance reworking our monetary markets,” Quintenz mentioned in a press release.
His time period ends simply months earlier than the Securities and Trade Fee’s Hester Peirce. Like Quintenz, Peirce has additionally advocated for the crypto house as a member of the U.S. regulatory companies.
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