US CFTC candidate Quintenz faces another delay in confirmation process, unclear dominance of encryption regulation.

[CFTC Candidate Quintenz Faces Delay in Confirmation Process Again, Unclear Dominance in Crypto Regulation] Trump's nominee for chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, has had his Senate Agriculture Committee confirmation vote postponed again, marking the second obstacle in his appointment process. The CFTC is seen as a key agency that will lead the regulation of Crypto Assets in the United States. The vote was originally scheduled for this Monday, but it was canceled at the last minute without explanation. With the Senate about to enter its August recess, any personnel appointments will be further delayed. If Quintenz is ultimately approved, there may be a situation where the CFTC has only one Democratic commissioner left, raising concerns about the legality of a "one-person committee" making regulatory decisions. At this time, the U.S. Congress is pushing forward a new bill to give the CFTC the authority to regulate the Crypto Assets spot market, while Quintenz's confirmed delay may bring uncertainty to the relevant legislation and regulatory framework.