CFTC Chairman nominee Quintenz pledges to clarify Token classification and jurisdiction.

Gate News bot news, the nominee for the chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, pledged in a written statement before the nomination hearing to provide clear classification and jurisdiction for the regulation of the digital asset market.

Quintenz was nominated by President Trump in February this year and is scheduled to attend the Senate Agriculture Committee nomination hearing on Tuesday.

He stated: "Now is the time to establish a comprehensive regulatory framework for digital assets, including clarity in token classification and explicit jurisdiction over trading market regulation. I am fully prepared to leverage my experience and expertise to assist in this effort and to execute any expanded mission after the legislation is passed."

Quintenz mentioned his recent experience as the global policy head of a16z crypto and how he plans to leverage that experience to support the United States' leadership in the field of blockchain technology.

He stated: "I have traveled around the world, meeting with regulators and government officials from other jurisdictions to understand what they have tried, what still needs to be done, and what has been done well or poorly." He also mentioned that he would share these insights with the CFTC and Congress to collaboratively develop a cryptocurrency regulatory framework.

Quintenz believes that blockchain is a "horizontal technology" capable of influencing various aspects of society, rather than merely a vertical technology focused on financial services.

Source: The Block