Posts

Showing posts with the label regulatory oversight

CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

Image
Buried beneath yesterday’s tragedies was some groundbreaking financial news: the CFTC Chairman nominee and Head of Policy for a16z crypto, Brian Quintenz, posted personal messages from the Winklevii regarding whether or not he would support their whims once he became chairman.  The messages, which were lengthy and purposely vague, seem to ask Quintenz to “rectify what happened to [Gemini]” and implement “cultural reform” within the Commodity Futures Trading Commission (CFTC). Quintenz didn’t push back on these requests and implied that when it comes to the CFTC, he does “not have anything close to a full picture of what is going on inside.” Quintenz shared screenshots of his conversions with the Winklevoss twins yesterday on X. The publicly shared Signal messages call into question numerous possible issues with regulators and the industry billionaires they’re supposed to be monitoring. For instance, is it acceptable for Quintenz to be in a private ...