PANews reported on May 28 that according to Bloomberg, Brian Quintenz, Trump's nominee for chairman of the U.S. Commodity Futures Trading Commission (CFTC), disclosed that he holds at least $3.4 million in assets and has multiple connections with the crypto industry. The documents show that Quintenz is currently the global director of crypto policy at venture capital firm a16z and a director of prediction market platform Kalshi, and will resign from these positions if his nomination is approved.

Quintenz promised that if he takes office, he will avoid regulatory matters related to his former employer for two years, including a16z's funds and Kalshi platform business. The CFTC is currently promoting the formulation of a digital asset regulatory framework and may obtain regulatory power in spot markets such as Bitcoin. The agency has recently been in turmoil due to the collective resignation of four commissioners and the withdrawal of a fraud lawsuit against a trading platform.