Trump's nominee for CFTC chairman, Quintenz, disclosed $3.4 million in encryption assets.

[Trump-nominated CFTC Chair Candidate Quintenz Discloses $3.4 Million in Encryption Assets] On May 28, news reported that Brian Quintenz, the Trump-nominated candidate for chair of the Commodity Futures Trading Commission (CFTC), disclosed at least $3.4 million in encryption assets in a public filing with the government ethics office, including the a16z encryption fund, the prediction market platform Kalshi, and equity in derivation brokers. Quintenz is the current head of a16z encryption policy and a former CFTC commissioner. The White House has not yet issued an official statement on the CFTC chairmanship, but CFTC officials have confirmed Brian Quintenz as a candidate, and if Quintenz is elected, he will divest crypto-related assets within 90 days, recuse himself from a16z-related matters for two years, and will not participate in the Kalshi review for one year. Quintenz's crypto portfolio is directly involved in the CFTC's two major regulatory areas, crypto assets and prediction markets, and Kalshi just reached a settlement with the CFTC this month over an election betting lawsuit.