Brian Quintenz, a former Commissioner of the Commodity Futures Trading Commission (CFTC), has joined venture capital giant Andreessen Horowitz (a16z) as an advisory partner on the crypto team, the firm said in an announcement. The firm says Quintenz will help it to understand on how the CFTC thinks about the issue around the cryptocurrency space.
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"We are grateful that Brian is joining the team to help in our work of translating crypto for the policy community, and translating policy for the crypto community," a16z said.
Quintenz joined a16z a few weeks after he left the CFTC. While the reason for the departure remains unclear, Quintenz decided to pursue "new challenges and opportunities." Quintenz was vocal in his disapproval of how the US Securities and Exchange Commission (SEC) acts on the crypto market as he said the agency "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.
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