
As President-elect Donald Trump prepares for his inauguration, his transition team is actively vetting candidates for the chairmanship of the Commodity Futures Trading Commission (CFTC). At least six individuals are under consideration, including current CFTC Commissioner Summer Mersinger, a16z crypto policy head Brian Quintenz, former Kraken chief legal officer Marco Santori, and others. This move is part of Trump's broader strategy to create a crypto-friendly regulatory environment, which he has promised to prioritize within his first 100 days in office. The cryptocurrency industry is lobbying for executive orders that include establishing a U.S. Bitcoin Reserve and ensuring banking access for crypto firms. Additionally, there are discussions about forming a crypto advisory council to further support the sector, reflecting the industry's eagerness to engage with the incoming administration. The CFTC is expected to play a crucial role in regulating the $3.5 trillion crypto market, and the selection of a pro-crypto chair could signal a shift toward more favorable policies for the industry.



Donald Trump’s return to the White House coincides with a massive rally in cryptocurrencies amid hopes of looser regulation. But for the average American, crypto still comes with plenty of risks https://t.co/svMWp8iDwV https://t.co/UrIT4MR9pr
Could more pro-crypto legislation be coming to the US? 🇺🇸 Two recent reports have hinted that the US Senate Banking Committee may be about to create its first crypto subcommittee 🤠 It’s also rumoured that Trump will bring in a pro-crypto CFTC Commissioner 👀
Rumors swirl as Trump nears inauguration: US Senate eyes inaugural crypto subcommittee, appoints pro-crypto CFTC commissioner.