Brian Quintenz, crypto-friendly CFTC commissioner, to leave office at end of August
August 19, 2021, 1:01PM EDT
1 min read
Brian Quintenz, a commissioner for the Commodity Futures Trading Commission, has announced that August 31 will be his final day in office.
Quintenz has been a notable crypto advocate for the duration of his term. In his statement upon departure, he highlighted his work on cryptocurrency issues.
"During my term, the CFTC has overseen the listing of Bitcoin futures contracts; the custody of digital assets within the traditional clearing infrastructure; the proliferation of blockchain technology; the creation of cryptographic, tokenized commodities; and the rapid expansion of decentralized finance (DeFi), which purports to realize the ultimate transparency-competition-innovation-reward dynamic of a true free market."
Initially nominated by President Obama and confirmed under President Trump, Quintenz's term expired last year, which resulted in some back and forth as to when he would actually be stepping down amid a change in administrations. Quintenz ultimately continued under President Biden.
TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.