Gemini’s Tyler Winklevos says Trump CFTC pick Quintenz has a “disqualified” view

彼は、元CFTCのコミッショナーであるブライアン・クインテンツは悪い選択であり、彼はそれについてトランプ政権の役人と話していると考えている、と彼はインタビューでコインデスクに語った。 That coincides with the White House hitting the brakes, a necessary step in Quintenz’s confirmation process in the Senate.

The administration did not give the Senate Agriculture Committee a full explanation this week when it halted the Quintenz committee’s vote.そして、ホワイトハウスは、最近までA16Z Cryptoの規制責任者を務め、予測管理委員会会社のKalshiに在籍している候補者の邪魔になっていることについて、Coindeskからの質問にすぐに応答しませんでした。

“Many of our industry have great concerns about this nomination,” Winklevos told Koindsk. “Quintenz is not in line with the president’s stated agenda and purpose.”

Read more: Quintenz, Trump’s Choice as a Potential US Crypto Watchdog, White House Delay

The interests of Winklevoss and his twin brother Gemini, Cameron, and other shared businesses, are literally one of the prominent crypto insiders who occupied the front seats in a recent White House campaign to promote the US digital asset industry. When Trump held the White House crypto summit, the brothers were sitting among the main guests.そして、大統領が米国のStablecoins（Genius）Actに法律に導くための国家革新を導き、確立したとき、彼らはCoinbase CEOのBrian ArmstrongやTether CEO Paulo Ardoinoを含む他の著名な人物の横に最前列に座っていました。

Cameron and Tyler Winclevos take selfies at the White House after the president signs the first major crypto bill. (Jesse Hamilton/Coindsk)

Trump even mentioned his brother in his remarks about his first major crypto legislative victory.そのため、彼らは暗号産業に対する大統領の見解で顕著な場所を占領するようになり、ジェミニがQuintenzを検討から起訴できるかどうかについて疑問を投げかけました。

During this later stage of the verification process, significant delays or redoing allowed us to weigh industry policy priorities. CFTCは米国の国民にはほとんど見えないかもしれませんが、議会の議員が米国の暗号市場規制を設定する法律を通過する法律に近づくにつれて、暗号スペースにとってその重要性が急上昇していますが、タイラーウィンクルヴォスはQuintenzを担当するのは間違いだと主張しました。

Developer’s Responsibility

“Quintenz supports prosecuting smart contract developers,” Winklevoss calls it a “disqualified position.”

業界はこの問題について強力な見方をしており、作成者は自分の創造物がどのように使用されているかについて罰せられるべきではないと主張しています。 In almost the same way that manufacturers of automobile and firearm communication technology are not pursued by criminal prosecution as to how products are used by bad actors, the sector argues that digital asset innovators should likewise be hooked on how platforms and tools are used unless the product is actively managed by the person who wrote the code.

Calci

In his objection to Quintenz, Winklevoss also flagged recent reports about communications with the CFTC with the CFTC.

Winklevoss said the recent email revelation sought under the Freedom of Information Act appears to have called for insight into the work and deliberations of government agencies regarding Kalshi’s rivals.

Brian Quintens (Archives of Coindsk)

The CFTC has fought a long-standing battle over regulating forecast markets.ロスティン・ベーナム議長の下での以前の指導者の立場は、活動をギャンブルとして規制するべきであり、彼は政治選挙を警察する機関について懸念を抱いていたということでした。 Behnam’s agency fought the industry in courts, including Kalshi, but recently abandoned the dispute.

CFTC代理のキャロライン・ファム会長は、代理店が間違った道を歩んでいると主張しているが、彼女はイベント契約での立場を逆転させることは困難であると述べた。 She characterized it as “a sinking of legal uncertainty and inappropriate constraints on the new administration.”

CFTC Funding

Winklevoss also raised the issue with Quintenz’s remarks that it is likely that more money and resources will be needed at the CFTC.

“The Trump administration wants to cut off the red tape and ease restrictions,” Winclevos said. “The candidate continues to advocate for a dramatic increase in budgets and overregulation that lead to regulatory capture.”

However, the issue of funding has long been the centre and central to the debate over cryptographic methods to overhaul CFTC authorities. Republicans routinely acknowledge that they are likely to seek more resources to allow institutions to oversee a wider new area of the financial sector, and for the first time they are actively regulating spot markets, meaning the market where actual assets are traded.

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CBDCS

Gemini co-founders have stated that some of Quintenz’s past comments on the Central-Bank Digital Currency (CBDCS) could be treated as toxic by Republican politicians and the majority of the crypto industry. However, Quintenz’s statement in 2020 is relatively superficial, suggesting that it is important that it is “lagged behind legal and regulatory questions” about government tokens that the CFTC described as being publicly available as an area of particular interest to me.

Even interest should be disqualified, Winclevos argues.

“We shouldn’t be interested in entertaining the CBDC or such totalitarian technology,” he said. “In itself, it’s dissatisfied with everything our industry represents.”

From congressional candidates to Trump, Republican lawmakers portray the concept of the CBDC as a government campaign seeking control and oversight over citizens’ finances. However, the idea did not advance more than the point of discussion with some democratic lawmakers and the topic of technical research among regulators, as China and Europe moved to implement government-supported digital currencies.

Federal Reserve officials, including Chairman Jerome Powell, have regularly said they would not act without Congress and the White House. If a central bank issues digital dollars, officials said the transaction should be managed by US banks, not government.

The Vacuum of CFTC Leadership

Quintenz’s pause in the verification process poses several important questions about the future leadership of the CFTC. Currently, there are only two members on the five-person committee (one of each party) who say they will both leave soon. It could potentially leave a confirmed new chair on top of the agency.

しかし、Quintenzの指名が放棄されたか、大幅に遅れている場合、演技会長のPhamの計画に精通している人々は、彼女が今後数週間で先に進むことに熱心であることを示唆しています。 If she can’t chair the committee, it raises questions about what will happen next — whether President Trump is under pressure to drive Democratic commissioner Christine Johnson out of the CFTC, so the agency won’t take over to the Democratic agenda.

The Senate is heading for a break in August, with Washington’s work still behind for a while. Even if things get back on track, his final confirmation vote by the Senate as a whole could be even more delayed.

「クォーラムの規則を見ると、代理店はまだ行動できると思います」と、元CFTCのコミッショナーであるクリスティ・ゴールドスミス・ロメロは、ジェニファー・サナシーとの木曜日のインタビューでコインドスクテレビに語った。 “But is that the best way to act?”

She proposed potential investors into the space from traditional financial institutions as “they all want certainty.” And that could be offered by the White House nominating more names and getting a full committee confirmed by the Senate, she said, “But we haven’t seen it yet.”

“The president is the head of the executives and the president will make his own decision,” he said.