Overview

• A White House official said Quintenz remains a trusted ally and that a new nominee will be named in the near future.
• Quintenz thanked the president and the Senate Agriculture Committee and said he will return to private‑sector work.
• The confirmation effort stalled after July delays requested by the White House and public opposition from Gemini co‑founders, whom Quintenz accused of trying to influence his stance on their CFTC case.
• Ethics and conflict‑of‑interest concerns, including his advisory ties to prediction‑market firm Kalshi, heightened resistance to his confirmation.
• The CFTC is down to Acting Chair Caroline Pham as its sole commissioner, and the administration is vetting alternatives such as Josh Sterling, Michael Selig and Tyler Williams as lawmakers consider expanding the agency’s crypto oversight.