Brian Quintenz, former commissioner and current executive at a16z Crypto, has been nominated by President Donald Trump as the new director of the Commodity Futures Trading Commission (CFTC), a key financial regulator in the US. This nomination suggests a possible complete overhaul in the leadership of the CFTC.

Quintenz's nomination comes during a crucial time for the CFTC, as it oversees significant aspects of the US financial markets, including those related to cryptocurrencies and futures trading. The confirmation hearing is scheduled for June 10.