President Trump is searching for a new Chair of the Commodity Futures Trading Commission (CFTC) to reshape the agency and make it more crypto-friendly. The CFTC has struggled to define its role in regulating cryptocurrencies, often clashing with the SEC. Trump's choice for the position could potentially give the CFTC more authority over the crypto market, including overseeing the spot market for Bitcoin and Ethereum. The top contenders for the position are Brian Quintenz, former CFTC commissioner and crypto policy head at Andreessen Horowitz, and Summer Mersinger, a current CFTC commissioner who has criticized the agency's approach to regulating decentralized finance. Other contenders include Marco Santori, former chief legal officer of Kraken, and Caroline Pham, a Republican commissioner. Trump's decision is crucial as it could shape the future of crypto regulation in the US.



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