Some leading lobbying groups in the crypto world have applied to US President Donald Trump with a joint letter to Brian Quintenz’s candidacy for the Presidency of the Commodity Futures Commission (CFTC) in the United States. This attempt took place despite the personal opposition of the Winklevoss brothers, and clearly revealed the differences of opinion within the sector.
Crypto Friendly CFTC
Quintenz’s nomination was supported by organizations such as Digital Chamber, Blockchain Association, Crypto Council for Innovation and Defi Education Fund. In the second period of Trump, there was a positive atmosphere in terms of crypto assets and regulations for the sector, so that crypto companies were comfortable. In addition, crypto -oriented thinking organizations and lobbying groups have become taken seriously.
In February, Trump nominated Quintenz as the chairman of the CFTC, but it is known that the approval process was not finalized. Similarly for Paul Atkins, SEC President, the process was completed months ago.
Dispersions of opinion in the sector
Winklevoss brothers, Trump directly reached by reaching the retreat of Quintenz’in claimed to withdraw. In the face of this, it is interpreted as a conflict of ideas within the sector that supporter organizations address Trump in a common letter and emphasize the qualities of leadership, expertise and honesty in the sector.
“Mr. Quintenz grasps crypto assets not only as a financial innovation, but as technologies that change the foundations of value in the ownership, identity and digital age. Each organization has the privilege of working directly with Mr. Quintenz and we can vouch for his expertise, unshakable provision, leadership and integrity.” – Expressions from the letter sent
Supporters emphasized that Quintenz has played an active role in the US crypto policies and was an ideal candidate for the presidency. The opposition of the Winklevoss brothers stands out as a sharp contrast. It is interpreted that these differences arise from political philosophical approaches.
Following SEC’s termination of the Gemini platform, Cameron Winklevoss made harsh statements about the public and claimed that some regulators should be imposed on various sanctions. These proposals include heavy measures such as ban and financial penalties from public duties; This can seriously damage the functionality of the SEC. Of course, this reaction is about the Gens period.
Finally, it is nice to see that regulatory developments are in favor of the adoption of crypto beings in general. It would be useful for the sector to shape CFTC administration with names that are pro -crypto money or at least do not have negative feelings for crypto.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
