U.S. CFTC nominee says Clarity Act could spur crypto innovation while protecting consumers

At his Senate confirmation hearing on June 10, Brian Quintenz, nominated by U.S. President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), expressed support for the Digital Asset Market Clarity Act of 2025. According to CoinDesk, he noted that market structure legislation can promote both innovation and consumer protection. Quintenz told lawmakers that the CFTC can balance fostering innovation with ensuring strong safeguards. The proposed legislation, currently under consideration by Congress, aims to clarify regulatory responsibilities between the CFTC and the Securities and Exchange Commission (SEC), define key digital asset terms and establish a provisional registration system for exchanges, brokers and dealers.