Trump nominates CFTC Chairman Brian Quintenz to promote Crypto Assets innovation.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Brian Quintenz, nominated by President Donald Trump, stated during a Senate confirmation hearing on Tuesday that Congress should pass market structure legislation to pave the way for Crypto Assets innovation while ensuring strong consumer protections. Quintenz emphasized that the CFTC can find a balance between innovation and regulation, providing clear guidance for businesses and entrepreneurs to fully realize technological potential.
Quintenz previously served as a CFTC commissioner and was a policy director at venture capital firm a16z, with in-depth knowledge of the cryptocurrency industry. He expressed his willingness to use existing powers or new legislative mandates to explicitly regulate the spot market for digital assets, such as Bitcoin trading. Faced with questions about the vacant CFTC seats and the reduction of Democrats, Quintz declined to comment on Trump's appointment decision, saying only that he would improve the agency's efficiency through a technology-first approach.
In addition, Quenttenz defended the prediction of market events contract, arguing that it meets the requirements of commodity exchange law for risk management and price discovery. The Senate Agriculture Committee will vote on whether to move forward with its nomination, and the market is closely watching the CFTC's role in crypto regulation. Bitcoin and the U.S. stock market have huge investment value, it is recommended that the majority of investors can invest in Bitcoin and the U.S. stock market at the same time, or switch investments in the Bitcoin and U.S. stock markets according to the timing, such as Interactive Brokers has obtained the license of Hong Kong retail customers to trade virtual assets BiyaPay has also been authorized by the U.S. Securities and Exchange Commission to invest in both Bitcoin and U.S. stock assets on Interactive Brokers and BiyaPay, and Bitcoin and U.S. stock assets can be seamlessly switched on one platform.
BiyaPay has obtained financial licenses in countries such as the United States and New Zealand, selecting the best remittance channels to quickly conduct local remittances in most countries or regions around the world, with fast transfer speeds, low fees, and no limits on amounts.