Industry insiders believe that Trump will appoint cryptocurrency supporters as CFTC chairman

Odaily Planet Daily News: With CFTC Chairman Rostin Behnam about to step down, market observers believe that given President elect Trump's consistent support for cryptocurrency related individuals to hold regulatory positions, he may reappoint a candidate who supports cryptocurrency. At the same time, there are reports that CFTC Republican commissioners Summer Mersinger and Caroline Pham are potential candidates for acting chairman. Another candidate is Brian Quintenz, who previously served as a CFTC commissioner and advocated for innovative approaches, including tokenized commodities and decentralized finance, making him a strong contender for the position. Quintenz is currently the head of a16z crypto policy in the a16z digital asset department. Yesterday, it was announced that CFTC Chairman Rostin Behnam will step down on January 20th, the day of President Trump's inauguration. Behnam is concerned that there is still insufficient regulation of cryptocurrency assets, including Bitcoin and other cryptocurrencies. He stated, "In the US regulatory system, there is still a large portion of the cryptocurrency sector that is not regulated. Given the adoption of some traditional financial institutions and the huge demand for these products from retail and institutional investors, it is important to fill this gap. The CFTC is still in a favorable position to become the spot regulator of cryptocurrency assets