According to the source, a social media report claims the White House withdrew Brian Quintenz’s nomination to chair the CFTC, implying he will not be the next chair. Source: the provided social media post. This claim is unverified within the provided material and is not accompanied by an official White House or CFTC announcement. Source: absence of any official document in the provided material. Because the CFTC oversees US derivatives markets, including CME-listed Bitcoin and Ether futures that influence crypto liquidity, basis and implied volatility, any leadership change can affect policy tone and enforcement priorities that matter for traders. Source: CFTC public mandate and CME product listings. Given the unconfirmed status, traders may wait for an official press release from the White House or CFTC before repricing US regulatory risk across BTC and ETH futures and related crypto equities. Source: unverified status noted in the provided social media post.

According to the source, the White House is considering additional candidates to chair the CFTC as Brian Quintenz's nomination stalls, with potential picks including crypto-focused government officials, source: Bloomberg. The CFTC regulates U.S. derivatives markets and oversees BTC and ETH futures listed on CME, making the chair's policy stance directly relevant for crypto derivatives liquidity, margin requirements, and market surveillance, source: CFTC; CME Group. The agency has pursued major crypto-related enforcement, including a March 27, 2023 civil action against Binance and Changpeng Zhao, underscoring how leadership can influence enforcement priorities that affect trading venues and counterparties, source: CFTC. A change in chair requires presidential appointment and Senate confirmation; traders tracking timing can monitor official announcements and hearing calendars for updates tied to market structure oversight, source: CFTC; U.S. Senate Committee on Agriculture, Nutrition, and Forestry.

According to @AggrNews, citing Bloomberg, crypto-focused officials are among the new candidates for CFTC chair as Brian Quintenz’s confirmation has stalled (source: Bloomberg via @AggrNews). The CFTC regulates U.S. derivatives markets including Bitcoin and Ether futures listed on CME, and the chair sets enforcement and rulemaking priorities for digital asset derivatives (source: CFTC). CME lists BTC and ETH futures and options with publicly available open interest and volume that traders can track for positioning shifts around policy headlines (source: CME Group). The CFTC has stated that BTC and ETH are commodities, underscoring why leadership changes can matter for market structure and regulation (source: CFTC).