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Trump Pulls Brian Quintenz Nomination for CFTC

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC). Reports from Politico reveal that the decision came prior to its public announcement. Quintenz expressed gratitude for being nominated, describing the opportunity and the confirmation process as the honor of his life. He thanked the President and the Senate Agriculture Committee for their consideration and shared his intentions to return to the private sector during a pivotal moment for innovation in the country. This article serves as a developing story with updates to follow.

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SEC No-Action Letter Creates Opening for More Firms to Serve as Crypto Custodians

The U.S. Securities and Exchange Commission (SEC) has announced it will not take enforcement action against investment advisors and other entities using state-chartered trusts to hold digital assets. This new guidance could allow more firms, including those affiliated with major crypto companies, to act as custodians for cryptocurrencies. The

Ripple CTO David Schwartz to Step Back, Remain on Board as CTO Emeritus

David Schwartz, the Chief Technology Officer of Ripple, announced he will step back from his daily responsibilities at the end of the year after over 13 years at the company, transitioning to a CTO emeritus role. Despite stepping back, Schwartz will remain involved in the XRP community, focusing on developing

White House Withdraws Pro-Crypto Brian Quintenz's Name From CFTC Chair Nomination

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC) following a month-long dispute regarding his suitability for the role. Former CFTC commissioner Quintenz, a proponent of the cryptocurrency industry, faced opposition from significant figures like Tyler and Cameron Winklevoss. Despite

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