Winklevoss Brothers Intervene in CFTC Nomination, Citing Crypto Concerns

Tyler and Cameron Winklevoss made a direct appeal to President Trump to withdraw Brian Quintenz's nomination as CFTC chairman, just as the Senate Agriculture Committee prepared to advance the confirmation process. The Gemini founders argued Quintenz lacked the reformist vision needed to regulate the cryptocurrency industry effectively.

The brothers specifically opposed Quintenz's support for expanding the CFTC's budget to increase crypto oversight. Their intervention caused an immediate delay in the Senate vote, with the White House requesting a pause in proceedings. While administration officials maintain public support for Quintenz, internal divisions have emerged over the nomination.

As prominent crypto advocates and TRUMP backers, the Winklevoss twins' move highlights growing industry pressure on regulatory appointments. The confrontation underscores the high-stakes battle over cryptocurrency oversight frameworks in Washington.