Cryptocurrencies
Bitcoin Bolstered by Pro-Crypto Contender to Lead US Agency CFTC
- Andreessen’s crypto policy lead Quintenz vies to be CFTC head
- Firming expectations of another Fed rate cut also aid the mood
Bitcoin traded around the $100,000 level, supported by further signs that proponents of the cryptocurrency sector will help to shape US financial regulations under President-elect Donald Trump.
In the latest development, Brian Quintenz emerged as a top contender to lead the Commodity Futures Trading Commission. Quintenz is head of policy at a16z Crypto, the digital-asset arm of venture capital heavyweight Andreessen Horowitz, and a former Republican CFTC commissioner.