Trump Pauses CFTC Nomination Amid Winklevoss-Led Pushback

The nomination of Brian Quintenz as head of the Commodity Futures Trading Commission (CFTC) has stalled following opposition from the Winklevoss twins. Tyler Winklevoss accused the Biden administration of 'seven years of lawfare trophy hunting' against their Gemini exchange, prompting the WHITE House to delay a Senate vote on Quintenz.

Quintenz, once the frontrunner, suggested Trump 'might have been misled' and shared private messages defending his position. The Winklevoss twins, major donors to Trump's campaign, are now flexing political influence to shape crypto regulation.

The TRUMP administration is evaluating alternative candidates, including Michael Selig of the SEC's crypto task force and Tyler Williams, a Treasury digital asset specialist. While Quintenz's nomination remains technically active, the focus has shifted to potential successors.