White House Is Pulling Quintenz’s Nomination for CFTC Chair
The White House has withdrawn the nomination of Brian Quintenz to serve as the Chair of the US Commodity Futures Trading Commission (CFTC). Quintenz's candidacy had been stalled for weeks, amid growing speculation about his potential withdrawal. The decision comes as the Biden administration continues to reshape the leadership of key financial regulatory agencies. Quintenz, a Republican, was nominated by former President Donald Trump to lead the CFTC, which oversees the derivatives and futures markets. The withdrawal of Quintenz's nomination means the Biden administration will now have the opportunity to nominate its own candidate to lead the CFTC. This move is seen as part of the broader effort by the current administration to put its stamp on the financial regulatory landscape, as it seeks to address emerging challenges in the rapidly evolving financial landscape.
Source: For the complete article, please visit the original source link below.
