CFTC Crypto Friendly Commissioner Brian Quintenz will no longer seek re-election after the end of this month’s term

The U.S. Commodity and Futures Trading Commission (CFTC) Crypto Friendly Commissioner Brian Quintenz’s five-year legal term will end this month. Quintenz said he will not seek re-election and will resign after his succession is confirmed or on October 31. Quintenz has a friendly position on cryptocurrency and blockchain, and it also recommends the establishment of a self-regulatory structure for the cryptocurrency industry. Quintenz believes this is a necessary addition to the current regulatory framework.