US CFTC Nominee Quintenz Faces Another Confirmation Delay, Crypto Regulatory Leadership Remains Unclear

According to Jinse Finance, the Senate Agriculture Committee has once again postponed the confirmation vote for Brian Quintenz, who was nominated by Trump to serve as Chairman of the U.S. Commodity Futures Trading Commission (CFTC). This marks the second time his appointment process has been stalled. The CFTC is regarded as a key agency that may lead the future regulation of cryptocurrencies in the United States. The vote was originally scheduled for this Monday but was canceled at the last minute without explanation. As the Senate is about to enter its August recess, any personnel appointments will be further delayed. If Quintenz is ultimately approved, the CFTC may be left with only one Democratic commissioner, raising concerns about whether a "one-person commission" can legitimately make regulatory decisions. Meanwhile, the U.S. Congress is advancing new legislation to grant the CFTC authority to regulate the spot cryptocurrency market, and the delay in Quintenz’s confirmation could introduce uncertainty to the related legislative and regulatory framework.