VC industry responds to Trump nominating A16Z’s Brian Quintes for a regulatory role
Brian Quintz, who heads the policy for Andreessen Horowitz’s Crypto team, announced Wednesday that he is being tapped to lead his Commodity Futures Trading Commission (CFTC). xPost. And it seems a lot of the VC industry are excited about it.
CFTC regulates the trading of commodity futures, options and swaps, known as derivatives. It is also involved in enforcing regulations that affect several cryptography.
He previously served as the CFTC commissioner during the first Trump administration, he said. A16z Biography And before that, he founded the investment company Saeculum Capital Management.
He joined A16Z as an advisory partner in 2021 and later became the policy director for its crypto department.
His appointment received support from several celebrities in the industry. At X, many people working at the A16Z Crypto ARM sent celebratory celebrations.
Brian Armstrong, Co-Founder and CEO of Coinbase; He reportedly met with President Trump. To discuss staff appointments, I posted a Quintenz welcome X to the CFTC.
Bobby Franklin, president of the National Venture Capital Association (NVCA), a lobbying group, has issued a statement in support of Quintenz’s nomination. ”
His pending appointment comes when the CFTC is plagued by controversy. Acting Chair Caroline Fam recently deleted his HR Director. The agency issued a statement That was filed against this person. This is later Bloomberg reported There was an internal investigation being conducted by the agency.
Quintenz is the latest affiliate of A16Z to find your way to the White House. The company is so involved in the Trump administration that it is said that avid Trump supporter Mark Andreesen is quiet. Supporting government staff recruitment.
Elsewhere, former general partner of A16Z, Sriram Krishnan, is currently the White House Senior Policy Advisor. Scott Kupor, one of the company’s managing partners Tapped to lead Human Resources Bureau, and Jamie Sullivananother investor in the company It is rumored to be advised Doge.