Bitcoin News- Quintenz has become an advisor partner at Andreessen Horowitz.
- Upon departing the CFTC, he supervised your opportunity of BTC futures contracts within the U.S.
Former CFTC Commissioner John Quintenz has acknowledged the cryptocurrency sector has valid complaints concerning the Registration (SEC). But he doesn’t attribute these issues to the action of controlling the.
Within an interview at Mainnet 2022, the previous CFTC (Commodity Futures Buying and selling Commission) commissioner described why many are embracing the CFTC for any new method of the regulatory atmosphere for cryptocurrencies.
Based on Quintenz:
“I think exactly what the crypto ecosystem wants is rules that suit its technology, which are fit for purpose, that provide the innovation to really achieve its full potential. You aren’t getting that from the SEC.”
Imposing Obligations
Based on an announcement he released upon departing the CFTC. He supervised your opportunity of Bitcoin futures contracts within the U.S. and also the establishment of tokenized goods, among other advances within the crypto space. In addition, part of Andreessen Horowitz’s crypto team, Quintenz has become an advisor partner at the organization.
Quintenz further added:
“They arrived at to me once i left the company simply because they understood that policy, regulation, legislation would be considered a major focus from the crypto ecosystem and the way to safeguard it.”
It’s been recommended by Quintenz that particular government physiques have selected a far more adverse change attitude toward crypto. Instead of clearing the way in which for brand new technologies to become implemented.
When requested concerning the implications for companies of classifying cryptocurrencies as securities. He mentioned doing this could be “imposing obligations on parties which have not a way to satisfy individuals obligations.”
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