The VC industry reacts to Trump appointing Brian Quinez for the regulatory role of A16Z
Brian Quintenz, who directs Andreessen Horowitz’s Crypto team’s policy, announced on Wednesday that it was used to lead the Commodity Futures Trading Commission (CFTC), according to its X post. And many in the venture capital industry seem to be delighted.
The CFTC regulates the trade in future, options and exchanges of basic products, otherwise called derivatives. It is also involved in the application of regulations having an impact on a crypto.
He was previously CFTC commissioner during the first Trump administration, according to his Biography A16Z And, before that, he founded the investment company Saeculum Capital Management.
He joined A16Z in 2021 as an advisory partner before becoming responsible for the policy of his cryptographic arm.
His appointment received the support of certain big names in the industry. On X, many working for the Crypto A16Z arm have sent their congratulations.
Brian Armstrong, co-founder and CEO of Coinbase, who would have met President Trump To discuss the meetings of the staff, published an X welcoming Quintenz at the CFTC.
Bobby Franklin, President of the National Venture Capital Association (NVCA), a lobbying group, has published a statement to support the appointment of Quintenz, saying that his government and his experience in business “will offer valuable prospects while He directs a higher regulatory body for the cryptography market. “”
His pending appointment comes at a time when the CFTC was mired in controversy. The acting chair, Caroline Pham, recently withdrew the HR chief and the Agency has published a declaration It made allegations against this person. This after Bloomberg reported that there have been internal investigations underway at the agency.
Quintenz is the last affiliate of A16z to find his way to the White House. The company has become so involved in the Trump administration that the co-founder Marc Andreessen, an ardent supporter of Trump, would be quietly Help for recruiting government staff.
Elsewhere, Sriram Krishnan, a former general partner in A16z, is now a White House main political advisor; Scott Kupor, one of the company’s general partners, was hit to direct the staff management office, and Jamie SullivanAnother investor of the company is Rumors advise DOGE.
