VC industry reacts to Trump nominating a16z’s Brian Quintez for regulatory role

Brian Quintenz, who led the principle for the crypto team of Andresen Horovits, announced on Wednesday that he was being tapped as the head of the Commodity Future Trading Commission (CFTC) X postsThe And many in the VC industry seem to be thrilled.

CFTC controls the trading of products, alternatives and trading, otherwise known as Derivatives. It is also involved in the application of rules that affect some crypto.

He previously served as CFTC Commissioner during the first Trump administration, according to him A16z biography And before that, he founded the investment agency Psychulum Capital Management.

He joined the A. 16 Z in 2021 as a consultant partner before his crypto arm’s principles became head.

His appointment was supported by some of the big names of the industry. The XA, many who worked for the 16 Z crypto arm sent their congratulations.

Brian Armstrong, Co-Founder and Cionbes CEO, Cion Officer, Who is known to have met with President Trump To discuss the employees’ appointments, posted an X welcome quintanez at CFTC.

The National Venture Capital Association (NVCA), a lobbying group president, Bobby Franklin has made a statement in support of the nomination of Quintenz, saying that his government and initiative experience “The top regulatory agency for Crypto Bazaar will provide a valuable attitude for Helms.”

The appointment under his pending appointment came at a time when the CFTC became controversial. Acting Chair, Caroline Fam recently removed HR’s head and The agency has released a statement It has complained against this person. After this Bloomberg has reported Internal investigation is underway at the agency.

Quintenz is the latest approved of A1 16 Z to find a way to the White House. The farm has become so involved with the Trump administration that Trump’s enthusiastic supporter, co-founder Mark Andresen was quiet To help government employees recruitThe

Otherwise, Sriram Krishnan, a former general partner of A1 16 Z, is now a senior policy adviser to the White House; Scott Cupor, one of the management partners of the firm, Was tapped for leadership Office of Worker Management, and Jamie SullivanAnother investor of the firm, Advice Dog