By Richard Hines
Today, the 6th of December 2022, the world-renowned policy advisor and former commissioner at the US Commodity Futures Trading Commission (CFTC), Brian Quintenz, has been promoted to the role of head of policy at the famous venture capital company, Andreessen Horowitz (a16z). Brian Quintenz had earlier left his position at the CFTC last year to join A16z as an advisor.
He is expected to work hand in hand with the CFTC to reach favourable crypto industry policies.
Brian Quintenz To Work With His Former Workplace
Brian Quintenz, the former crypto regulator was known to be among the kind that is not hostile to the crypto industry, and as such, it did not come as a surprise when he announced that he was leaving the CFTC to work with the private Andreessen Horowitz (a16z). In fact, it was more like following the laid-down precedent, as many regulators like him have once toed his path.
Brian, who joined the venture capital company as an advisor, has been promoted to the role of policy head, as announced by the company head earlier today. Brian’s new role strongly suggests that he will be working in close relationships with his former workplace, the CFTC.
Recall that the CFTC will reportedly be in charge of overseeing the affairs of the crypto community directly and, as a result, will devise rules and regulations that will be binding on the industry; hence, Brian, who is now on the other side of the game, will have to work hand in hand with the body.
Previous Events This Year Have Shown The Need For Crypto Legislations – Brian Quintenz
In a public interview, the newly appointed policy head, Brian Quintenz, stated that the previous unfortunate incidents in the crypto industry have further solidified the fact that there should be certain rules and regulations that will be binding on the members of the industry.
According to him, the company that he now represents is a firm believer in policies that are fair and transparent, as well as devoid of political undertones or bias. He went on further to state that, considering the scare around crypto generally now, new rules that adequately protect consumers from harsh situations should be implemented.
The policy head said that he is ready to roll up his sleeves and set to work and will try his hardest to sensitise policymakers on the significance of the crypto establishments while using his relationship with the CFTC when necessary.