Trump's CFTC Nominee Caught in Crypto Clash with Winklevoss Twins
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Trump's nominee for CFTC Chair, Quintenz, faces pressure from Winklevoss twins over a 2022 case involving their Gemini exchange. Currently, the CFTC has only one confirmed commissioner, Caroline Pham, who has taken independent actions that leave the agency vulnerable. Quintenz indicated that the twins contacted the President to pause his confirmation after he refused to take a stance on the case. Critics argue that the CFTC needs to be more aggressive in regulating the crypto market.
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