The Senate Agriculture Committee will consider President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission, Brian Quintenz, as lawmakers weigh a broader shift in crypto regulation that could dramatically expand the agency’s role.

The committee is scheduled to review Quintenz’s nomination during a July 21 hearing, ahead of a full Senate vote regarding his appointment expected next week.

His confirmation would come at a pivotal moment as Congress debates the Digital Asset Market Clarity (CLARITY) Act legislation. The legislation aims to establish a clear regulatory framework for the digital asset industry and designate a primary supervisor.

Quintenz, a former CFTC commissioner, may have to lead the agency alone. Acting Chair Caroline Pham and Commissioner Kristin Johnson are both anticipated to depart by the end of 2025, and no additional nominations have been announced.

The CLARITY Act, which passed the House on July 17 with bipartisan support, proposes a regulatory framework that would designate the CFTC as the lead watchdog for most digital commodities, including crypto.

Its future in the Senate remains uncertain, with possible amendments and political divisions still in play. Senate Banking Committee leaders have expressed interest in moving the bill forward before October, though no formal vote has been scheduled.

If passed, the legislation could recalibrate the balance of power between the CFTC and the SEC, the nation’s two primary financial regulators.

While the crypto industry has largely backed the bill as a step toward clearer oversight, regulatory leadership changes may complicate implementation.

The CFTC’s existing leadership has signaled support for the proposed reforms, emphasizing the agency’s readiness to adapt.

Should Quintenz be confirmed without further appointments, he may find himself guiding the CFTC through one of the most consequential shifts in its history without additional support.

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Paul Atkins, Donald Trump’s nominee for chair of the U.S. Securities and Exchange Commission (SEC), advanced through the Senate Banking Committee on Thursday.

According to a Reuters report, the committee approved Atkins in a 13-11 vote, with all Democrats opposing the nomination.

Atkins, a former SEC commissioner, is known for his deregulatory stance and ties to the cryptocurrency industry.

The nomination now moves to the Senate floor for final confirmation. If confirmed, Atkins will succeed Acting Chair Mark Uyeda, who has led the SEC since January. Atkins has pledged to prioritize regulatory clarity for digital assets and streamline capital formation processes.

Critics, including Senator Elizabeth Warren, have raised concerns about Atkins’s record during the 2008 financial crisis and his advisory role with the collapsed crypto exchange FTX.

Despite opposition, Atkins is expected to secure confirmation in the Republican-controlled Senate.

During his nomination hearing before the Senate Banking Committee on March 27th, Atkins said that he had witnessed how regulations impact markets and investors.

“Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I have seen how ambiguous and non-existent regulations for digital assets create uncertainty in the market and inhibit innovation.”

To address the challenges stemming from the absence of clear rules for digital assets, Atkins said he will work to establish a regulatory framework for crypto.

“A top priority of my chairmanship will be to work with my fellow Commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.”

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