Winklevoss Twins Block CFTC Nominee Brian Quintenz in Crypto Regulation Clash
The nomination of Brian Quintenz to chair the Commodity Futures Trading Commission (CFTC) faces significant political resistance, spearheaded by Gemini founders Cameron and Tyler Winklevoss. The twins have mobilized their influence in Washington to stall the confirmation process, creating a leadership vacuum at a critical juncture for cryptocurrency oversight.
Quintenz, a former CFTC commissioner and a16z crypto policy lead, was initially favored for his industry expertise. Yet Senate Agriculture Committee delays and Winklevoss-led opposition have derailed his appointment. The White House now considers alternatives, including Michael Selig and Tyler Williams, as regulatory uncertainty looms over digital asset markets.
This power struggle underscores the growing tension between crypto-native entrepreneurs and traditional regulators. The Winklevoss twins' intervention reflects the industry's willingness to challenge appointments perceived as unfavorable—even those with crypto experience like Quintenz.