CFTC Nominee “Spot Cryptocurrency, We Must Regulate”

Brian Quintenz, the nominee for Chairman of the United States Commodity Futures Trading Commission (CFTC), publicly argued that regulatory authority over the spot cryptocurrency market should be granted to the CFTC. According to Eleanor Terrett, host of CryptoInAmerica, Quintenz stated his stance, emphasizing that the CFTC should become the key oversight body in the digital asset market.

Previously, he had expressed his intention to push for clarity in cryptocurrency-related regulations through a written statement, and this statement is interpreted as an extension of that intention. Quintenz's confirmation hearing is expected to take place at 4 AM on June 11, Korean time.

Currently, in the United States, there are ongoing disagreements between the Securities and Exchange Commission (SEC) and the CFTC regarding the jurisdiction over cryptocurrency regulation, and this confirmation process could become a critical turning point for the direction of the digital asset regulatory framework.