The White House has withdrawn Brian Quintenz’s nomination to serve as a board member and chair of the Commodity Futures Trading Commission (CFTC). “Being nominated to chair the CFTC and going through the confirmation process was the honor of my life,” Quintenz said. CFTC leadership race heats up as crypto policy stakes riseThe CFTC plays a crucial role in regulating cryptocurrency markets. Earlier reports indicate that Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force, is among the additional candidates discussed for CFTC chair. Josh Sterling, a former CFTC official who is now a partner at the law firm Milbank, and former CFTC Commissioner Jill Sommers are also potential candidates to lead the CFTC.