PANews reported on June 11 that according to The Block, Brian Quintenz, Trump's nominee for chairman of the U.S. Commodity Futures Trading Commission (CFTC), said at a Senate hearing that if the CFTC gains more cryptocurrency regulatory authority, it will need additional funding. Several senators agreed with this, and Minnesota Democratic Senator Amy Klobuchar emphasized that the CFTC needs to have sufficient personnel and resources to respond to emerging challenges.

Quintenz was previously the global policy director of a16z Crypto Fund and served as a CFTC commissioner from 2017 to 2021. If his nomination is approved, he will become the only incumbent CFTC commissioner, as the other four commissioners have recently resigned or announced plans to resign. The U.S. Congress is currently considering a bill that may expand the CFTC's regulatory authority over digital assets, and the agency currently has less than 1,000 employees, far less than the SEC's 4,000 employees.