Commissioner Brian Quintenz, who sponsored the Commodity Futures Buying and selling Fee’s Know-how Advisory Committee (TAC) and advocated for self regulation within the crypto trade, will depart his put up by late October.
Quintenz’s statutory five-year time period ends this month. The longtime crypto advocate is not going to search renomination and plans to remain on till his successor is appointed, he introduced Tuesday in an announcement. The departure was first reported by Bloomberg.
It was a interval that ran parallel to the resurgence of the TAC.
One month after his affirmation in August 2017, Quintenez turned sponsor of the CFTC’s principally dormant Know-how Advisory Committee that had, in his opinion, largely didn’t hold tempo with technological change partly by assembly simply twice within the earlier three years.
“Crucial and fascinating questions need to be explored and answered,” he stated on the time about many tech initiatives together with blockchain. “Distributed ledger technology is on the verge of creating a sea change in contract design, reporting and settlement.”
The Quintenz-sponsored TAC proceeded to type DLT and digital foreign money subcommittees and started assembly often to contemplate stablecoins, digital currencies, DLT market infrastructure, and crypto custody.
“I’ve been particularly honored to sponsor the CFTC’s Technology Advisory Committee, where we’ve had the opportunity to explore the extraordinary technological renaissance transforming our financial markets,” Quintenz stated in an announcement.
His time period ends just a few months earlier than that of the Securities and Exchange Fee’s Hester Peirce. Like Quintenz, Peirce has advocated for the crypto area.
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