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The Trump administration is considering candidates for the alternative goods futures trade committee (CFTC) chair after Tyler and Cameron Winklevos lobbyed against Brian Quintentz’s nomination.
That is according to a Bloomberg The source quoted that those under consideration include Michael Selig, the lead lawyer for the SEC’s Cryptographic Task Force. Tyler Williams, financial counselor on digital asset policy. Summer Melsinger and current CFTC Commissioner. Marco Santori, Kraken’s Chief Justice.
Quintenz confirmations have been stagnant since February, with one commissioner Caroline Pham serving as the chairperson of the agency.
Winklevoss Twins block Quintenz’s road to QFTC chairs
Earlier this month, Quintenz publicly accused the Winklevoss Twins of undermining his nomination, saying they may have misunderstood Trump in the process.
Quintenz, a former CFTC commissioner, was tapped for the agency’s top job amid initial expectations that it would fly through Senate confirmation with support from the broader crypto and financial industry.
But his nomination stall Gemini co-founder wrote to Trump and asked him to reconsider, and the White House subsequently stopped voting for unspecified reasons.
I didn’t tend to release private messages. However, in light of my support for the President and the belief that he may be misunderstood, I have posted a message here that includes questions relating to Tyler Winklevos’ previous lawsuit with the CFTC.
– Brian Quintenz (@brianquintenz) September 10, 2025
The Wall Street Journal (WSJ) said Winklevoss twins are “stretching Washington’s influence” after supporting President Trump’s campaign with millions of dollars donations.
In a letter to Trump, Winklevos’ twins denounced the CFTC for engaging in “seven years of legal trophy hunting.”
Quintenz shared a private exchange that took place between himself and Tyler Winclevos a few days before he sent a letter to Trump.
According to these messages, Tyler Winklevos asked Quintenz that he “plans to work with President Trump and his administration’s mission to end the law and compensate for it.”
Quintenz was disappointed that the CFTC’s enforcement division had “actively” pursued the lawsuit against Gemini, and replied that he would assume a “fair and reasonable review of the matter” if he was appointed to the agency’s new chair.
Quintenz said a text message from Tyler would “make sure you clarify what they are chasing.”
“It is my understanding that after this exchange they contacted the President and asked him to pause my confirmation for reasons other than those reflected in these texts,” he wrote.
CFTC may play a bigger role in crypto monitoring
Search for the new CFTC chair is considering lawmakers are giving CFTC new power to the crypto market.
The regulator has already made some procrypt moves over the past few months. This has enabled offshore exchanges to serve U.S. citizens under the Crypto Sprint initiative, so that offshore exchanges can quickly implement recommendations from the President’s Working Group Report on the Digital Asset Markets.
In August, the agency also launched an initiative to enable trading on Spot Crypto Asset contracts.
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