[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},"mediaId",6199024,"mediaKeyId","3841589-9a9c734d65efc81f1589f6507e969ac2","parentId",3841589,"title","Senators Urge CFTC Nominee to Protect Farmers as Markets Evolve; Concerns Raised Over 24/7 Trading and Position Limits","audioSeconds",1254,"startMs",2677000,"endMs",3931000,"viewUrl","/Search/View?dp=1&key=3841589-9a9c734d65efc81f1589f6507e969ac2&start=2677&end=3931","thumbnailUrl","https://assets.pipeline.soar.com/3841589-9a9c734d65efc81f1589f6507e969ac2/thumbnail_2677000.jpg","articleUrl","/articles/6199024/Senators-Urge-CFTC-Nominee-to-Protect-Farmers-as-Markets-Evolve-Concerns-Raised-Over-247-Trading-and-Position-Limits","mediaUrl","https://secure.pipeline.soar.com/6199024-a4f459b0f842115ea41a87f5626815f0/orig.mp4?Expires=1773560264&Signature=eZWwbyUDrzf3KdruJryeFHEUTD5v~gzYriUlwayxiC-bisau3NLmjs-3gUpIvoCPNZd41Z2PgL6vAW4cCZs1AolJuz0sNTf-rRQQC4mqMdFEceBNFfC23imCN2WbfAi9whz~UJyQ8vhOofOVqBJ5ikNmehKnv7QRFp1DcwpI75hDFthFxFANhFD7z1ztgIjRWomKnTGQ50LJKCW4Wu~cjdwr3Z6If4ZGZLXNMlvGCq-fGFXzjl5DBYHjaLNbxa2FdLKC7ZqlOV~CVnmo3whZ4Un2vjg8n7s1DWeC6sw5WvqlJBxOcr4V5Dh0oDGyeMzcoBDz1w7qfdqAJb11QIchOw__&Key-Pair-Id=KUT5TJCACFTXG","author","U.S. Senate Committee on Agriculture, Nutrition, and Forestry","date","2025-06-10T00:00:00Z","article","Senators representing farm states told Brian Quintenz they expect the Commodity Futures Trading Commission to preserve the integrity and utility of agricultural futures markets as new market structures emerge.

Quintenz said he has traveled to multiple states to meet producers and end users and pledged to continue sponsoring the CFTC’s agricultural advisory committee. “I would pledge to you to ensure that the agency focuses on its true mission, that the products that are listed that they use have integrity,” he told the committee.

A recurring question was how the CFTC should respond to potential 24/7 trading and perpetual futures products developed in crypto markets. Quintenz warned of risks such as price dislocations in lower‑volume agricultural contracts and said the agency must “take the view of all stakeholders into account” and prioritize risk managers and hedgers in the agricultural community.

Senators also discussed market concentration in seed, chemical and meat processing industries and asked whether the CFTC can help ensure futures prices reflect supply and demand despite consolidation. Quintenz pointed to the agency’s role in protecting markets from corners and squeezes and referenced position limit rules implemented during his prior tenure as a commissioner.

Why it matters: Futures markets are a key risk‑management tool for farmers and ranchers. Changes to trading hours or market structure could affect liquidity, hedging effectiveness and crop‑insurance pricing that depends on futures markets.

Quintenz emphasized outreach and consultation with agriculture stakeholders before permitting structural changes such as extended trading hours. No regulatory change or commission action was recorded at the hearing; senators urged close consultation to avoid unintended harm to end users.","mediaType","Video","parentTitle","Nomination Hearing: June 10, 2025","oneSentenceSummary","Committee members pressed nominee Brian Quintenz to ensure agricultural end users and hedgers retain protections as markets consider extended trading hours and new product types; Quintenz pledged to prioritize agricultural stakeholders and existing risk‑management tools.","taxTitle","Agriculture, Nutrition, and Forestry: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal","taxId",1985,"location","","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6199029,"Prediction and Event Contracts Draw Questions Over Tribal‑Gaming Law; Quintenz Pledges Stakeholder Roundtable",301,4006000,4307000,"/Search/View?dp=1&key=3841589-9a9c734d65efc81f1589f6507e969ac2&start=4006&end=4307","https://assets.pipeline.soar.com/3841589-9a9c734d65efc81f1589f6507e969ac2/thumbnail_4006000.jpg","/articles/6199029/Prediction-and-Event-Contracts-Draw-Questions-Over-TribalGaming-Law-Quintenz-Pledges-Stakeholder-Roundtable","https://secure.pipeline.soar.com/6199029-b47da167fb4e8f7c40056fbfc5ac4d18/orig.mp4?Expires=1773560264&Signature=GDWmBLd34ZE4zPHx4JWpHdi5oS0f7HAEBhXJrNfZogR1p2wc3tjU3MBFz2E9ZYosnuCWzI-pkRLfjtKNeBMPikUjTSMpaYKlVVgItqgCSRS9I3nlvzvXJxkWJjSE-9aaXoJtWrhTz3T-a3vfJ6Ryk8Ep-pabS07ZX-ZlwkAV-ViHNbUEX25FxZPs671~dK6lYlwSPTr6NNmE9JjyGUUdjz0iYvHSafSaSpalOmRwI7ZYUnd2WEielhxOPf6hyzadIdI6wrouChYxAcaJELSCw5F0U06rdxcw~meNGWIlMcMfEqkbQzy3xgVEKfTK4LEDS3osgZFDSfwBEPNkcSvKJQ__&Key-Pair-Id=KUT5TJCACFTXG","Senators pressed Brian Quintenz about event and prediction contracts — trading products that hinge on future events — and whether such contracts could violate tribal gaming laws or public‑interest standards in the Commodity Exchange Act.

Senator Schiff said event contracts “seem pretty indistinguishable, at least from the consumer point of view, [from] gaming” and raised concerns they could “violate tribal sovereignty” and the Indian Gaming Regulatory Act. Quintenz told the committee the Commodity Exchange Act treats events with “financial, commercial or economic consequence” as commodities and pledged to conduct “a very, robust, all stakeholder engagement process” on the issue.

Quintenz said the statute’s language allows event contracts that serve price discovery and risk‑management functions, but he acknowledged questions remain about executing the statute’s public‑interest review in a predictable, repeatable and legal way. On whether contracts determined by a court to be illegal gaming would be halted, Quintenz said the agency would “follow the appropriate court mandate.”

Senator Schiff also asked about a previously canceled public roundtable that tribe and stakeholder leaders had planned to attend. Quintenz committed to reschedule the roundtable and to hold stakeholder engagement before issuing any near‑term guidance; he said he had “no information as to why it was canceled.”

Why it matters: Event and prediction contracts have drawn scrutiny because they can resemble gambling products and implicate tribal sovereignty, interstate commerce and federal‑statutory boundaries. A court determination that such contracts constitute illegal gaming would trigger enforcement or cessation, depending on judicial rulings.

The hearing included no formal commission action on event contracts; Quintenz said he would abide by existing statutes and court rulings and would seek broad stakeholder input before issuing policy guidance.","Senators pressed nominee Brian Quintenz about event/prediction contracts (e.g., those offered by Kalshi), potential conflicts with tribal gaming law, and a canceled public roundtable; Quintenz said he would reschedule stakeholder engagement and follow court mandates on legal disputes.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6199034,"Nominee Says CFTC Ready If Congress Grants Spot Digital Commodity Authority; Emphasizes ‘Technology‑First’ Approach",847,1529000,2376000,"/Search/View?dp=1&key=3841589-9a9c734d65efc81f1589f6507e969ac2&start=1529&end=2376","https://assets.pipeline.soar.com/3841589-9a9c734d65efc81f1589f6507e969ac2/thumbnail_1529000.jpg","/articles/6199034/Nominee-Says-CFTC-Ready-If-Congress-Grants-Spot-Digital-Commodity-Authority-Emphasizes-TechnologyFirst-Approach","https://secure.pipeline.soar.com/6199034-95fc19f9654d1b1d8e6d1626ea57f41d/orig.mp4?Expires=1773560264&Signature=Ee1CMgWJKFKHv2ecacHB19KOzIfHWuZwqMQGCUuYYn1HSR9EwJzUYsVER9dwC0dGF5C-szNET6Mbk4mAxNLvJyfSi0IWkZjVOs3OrIPcTkYaH76bUjLsBc8r6DE6tTbNPeJOsOGksQ4pwV5dSId5OhHdfnfM4UJTxbvGQdF-lXbZeiI-LwGREpSAbtXEmOuRGUSxtrOwNqoyzjMj3xhEZNQaUHaWOzJNxMTUWEEFUq9-ZaaRXN0MqzSHd~~iXEqrYe4YfgwxjR~jpotJFwkG06h6~dAAHjo0Z1madMUq-mITzVgVEMBCnbIgWXPJaHd2fVWevXQnxUB22--Jufq7wQ__&Key-Pair-Id=KUT5TJCACFTXG","Brian Quintenz, President Trump’s nominee to lead the Commodity Futures Trading Commission, told the Senate Agriculture Committee that the agency could adopt a “technology‑first” approach if Congress grants it authority over spot digital commodity trading and related products.

Quintenz said the CFTC already has advanced data and surveillance systems and that new jurisdiction typically comes with new resources. “There is new jurisdiction. And it's usually been, a precedent to accord the agency new resources,” he said when senators asked whether additional funding and staff would be required.

Why it matters: Congressional deliberations about assigning the CFTC authority over spot digital commodities would reshape which federal regulator oversees trading in cryptocurrencies and other tokenized assets. Quintenz argued the CFTC’s principles‑based framework and self‑certification regime have supported innovation in derivatives markets and could serve the same purpose for digital commodities.

Quintenz also warned that while the CFTC could scale with technology, rule writing and oversight would present challenges and likely require increased headcount and budget. When asked about a recent budget request discussed in committee, he referenced a prior proposal that called for an initial $120 million increase that was later scoped down to $60 million and said he would review prior requests and be “transparent” about agency needs.

The nominee discussed regulatory coordination with other agencies and told senators he would comply with executive orders and the Office of Management and Budget’s review processes while emphasizing a statutory allegiance to the Commodity Exchange Act.

Quintenz said the agency should protect retail investors, guard against systemic risk and foster responsible innovation. He repeated a commitment to use updated technologies to make staff “10x” more effective and to preserve the CFTC’s core responsibilities to energy, agricultural and financial markets.

The hearing record includes no final decision on whether Congress will expand CFTC jurisdiction; Quintenz urged lawmakers to weigh clarity of authority, resourcing and coordination with other regulators.","Brian Quintenz told senators the CFTC could adopt a technology‑first approach and would likely need additional staff and funding if Congress expands its jurisdiction to spot digital commodity markets.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":72,"_73":72,"_74":72},6199039,"Senate Agriculture Committee Hears Brian Quintenz Nomination; Ethics, Divestiture and Recusal Plans Draw Scrutiny",898,1943000,2841000,"/Search/View?dp=1&key=3841589-9a9c734d65efc81f1589f6507e969ac2&start=1943&end=2841","https://assets.pipeline.soar.com/3841589-9a9c734d65efc81f1589f6507e969ac2/thumbnail_1943000.jpg","/articles/6199039/Senate-Agriculture-Committee-Hears-Brian-Quintenz-Nomination-Ethics-Divestiture-and-Recusal-Plans-Draw-Scrutiny","https://secure.pipeline.soar.com/6199039-d38b9ac5e37f68287cd35153b2c5dcec/orig.mp4?Expires=1773560264&Signature=UwpRDRfrpkcVqhnEDEnM49XrxXVpdCIK7slanRgVpJC0bXsE5Yj6rKtcF4spGIhreJXICb6IJEzkXOke4FxoNPrt98TJNh-lh6CtUd7UfL2HKcbzPkGBpE75vRlau64piokyIQd2LgzzVEFefI59LZOxBFd6~6fFV3Pwp-Xpeokdeq~0smK3a0d8EnGqVHd4iURsvYVZ4647dU5OryvFhH8axls4YMJvVjAmelxHKkQn9-IgLdtaYgSdzU~pFOP28GQe-jR4MDEAyPXNOZ5JuTJELs-kH0P1Lh8l7McRLTCFml~Qe2NkWPgGcOUw0tWhaCvGLvVD6eFAlyV~D7aIWw__&Key-Pair-Id=KUT5TJCACFTXG","President Trump’s nominee to chair the Commodity Futures Trading Commission, Brian Quintenz, testified before the Senate Committee on Agriculture, Nutrition and Forestry and answered detailed questions about ethics, conflicts of interest and planned divestitures should he be confirmed.

Quintenz said he would “abide by all applicable ethics, statutes and regulations” and described an existing ethics agreement that will require divestiture. “I have a very robust ethics agreement that does require my divestiture,” he told senators, adding that he would use a screener in his office and explore approved methods to meet the required timelines.

Why it matters: The nominee’s recent private‑sector roles — including as global head of policy at Andreessen Horowitz (A16Z) and a seat on the board of an exchange (CalChiX/CalChiX‑type entity discussed in the hearing record) — prompted senators to press Quintenz on how he would avoid both actual conflicts and the appearance of conflicts while overseeing rulemaking and enforcement that could affect former employers or portfolio companies.

Committee members asked for specifics on the timing and mechanics of divestiture. Quintenz committed to divest and to place screeners in his office, and he said there are “a number of approved methods for divesting” that he would pursue. On recusal timelines he referenced prior commitments to recuse “for one or two years” on matters directly involving former firms and said he would follow the applicable ethics rules.

Several senators raised the appearance issue directly. Senator Booker said the nominee’s prior private‑sector work could raise questions about independence; Senator Klobuchar and others pressed Quintenz on how he would navigate remnant ties while protecting the agency’s integrity. Quintenz replied that he “held myself to the highest standards of ethics and integrity” during his prior CFTC service and would follow the same standards if confirmed.

The hearing record contains no formal motions or committee votes on the nomination. Quintenz also pledged to respond to congressional oversight requests if confirmed when asked under oath.

What’s next: The committee left the record open for additional submissions. Any definitive timeline for divestiture or an ethics plan beyond the commitments given at the hearing was not specified in the record.","At a Senate Agriculture Committee hearing, President Trump's nominee for CFTC chair, Brian Quintenz, defended his record and outlined ethics measures including divestiture and recusal plans amid questions about his private‑sector ties to crypto firms.","actionData","errors"]

Article not found

Senators Urge CFTC Nominee to Protect Farmers as Markets Evolve; Concerns Raised Over 24/7 Trading and Position Limits

Prediction and Event Contracts Draw Questions Over Tribal‑Gaming Law; Quintenz Pledges Stakeholder Roundtable

Nominee Says CFTC Ready If Congress Grants Spot Digital Commodity Authority; Emphasizes ‘Technology‑First’ Approach

Senate Agriculture Committee Hears Brian Quintenz Nomination; Ethics, Divestiture and Recusal Plans Draw Scrutiny