Overview

• Quintenz told lawmakers the CFTC could support crypto innovation while safeguarding consumers under its existing authority.
• He defended prediction markets at his June 10 hearing, calling event contracts appropriate hedging tools under the Commodity Exchange Act.
• He pledged to divest all KalshiEx stock and outlined insights gained as head of crypto policy at Andreessen Horowitz.
• Departures by three commissioners risk leaving him to serve with minimal opposition and expose unilateral policy moves to legal challenges.
• The Agriculture Committee vote will determine whether his nomination advances to the full Senate for final confirmation.