Brian Quintenz, a commissioner for the Commodity Futures Trading Commission (CFTC), will leave the agency on August 31. While the reason for the departure remains unclear, Quintenz decided to pursue "new challenges and opportunities," according to the official statement.
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"I look forward to keeping innovation, particularly related to crypto and DeFi, relevant to my career and will continue advocating for the freedom, innovation, inclusion, and prosperity they offer," said Quintenz.
The resignation comes two weeks after Quintenz wrote on Twitter that the Securities and Exchange Commission "has no authority" over cryptocurrencies. Later, the former CFTC Chairman, Chris Giancarlo, agreed with Quintenz stating that the SEC lacks experience regulating markets for bitcoin (EXANTE: Bitcoin) and other cryptocurrencies.
Quintenz joined the CFTC as a Commissioner in August 2017. Prior to the appointment, he founded and served as the Managing Principal and Chief Investment Officer of Saeculum Capital Management.
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