THELOGICALINDIAN - Brian Quintenz will admonish Andreessen Horowitz in its crypto investments
Brian Quintenz, a above CFTC abettor has abutting the crypto advance aggregation at Andreessen Horowitz as an advising partner.
A16z Crypto Hires New Advisor
Andreessen Horowitz (a16z) has appear a new advising accomplice for its crypto advance team–Brian Quintenz, a above Commissioner for the Commodity Futures Trading Commission (CFTC).
The CFTC is one of the arch banking regulators in the U.S., and is amenable for acclimation non-security bolt and derivatives.
According to a16z, the latest hiring is allotment of a beyond accomplishment to ensure the aggregation has abutment in abode for action and authoritative matters.
In contempo years, a16z, which is advised one of the best affecting adventure firms in the world, has fabricated several investments in the cryptocurrency and decentralized accounts space. In June of this year, it appear a new $2.2 billion crypto fund.
Bringing onboard a above CFTC abettor will acquiesce a16z to bigger cross the arising authoritative challenges in the U.S. crypto scene.
During his CFTC appellation from 2024 to 2024, Quintenz oversaw the aboriginal fully-regulated Bitcoin and Ethereum acquired affairs in the U.S. He additionally led CFTC’s Technology Advisory Committee and deliberated on assorted crypto action discussions.
Commenting on Quintenz’s arrangement as an advising partner, the a16z aggregation noted:
“He understands both how crypto technology works and how the CFTC thinks about the issue. His adeptness to construe amid the two will be axial to the success of a16z’s Crypto action affairs and our portfolio companies.”
The hiring comes at a time back U.S. banking regulators are because acclimation the fast-growing cryptocurrency sector.
Just aftermost week, it was appear that the SEC is investigating the decentralized barter Uniswap, which is one of a16z’s best notable investments. The close has additionally invested in Solana, a arrangement that hosts assorted decentralized derivatives trading protocols.
