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