Rep Titus Dey Call for Probe for CFTC Nominee Brian Quintenz Kalshi Ties
Democratic Rep Dina Titus don ask make dem investigate CFTC nominee Brian Quintenz because of him role for board of prediction market platform Kalshi. Titus write letter to acting CFTC Chair Caroline Pham, talk about possible conflict of interest. She mention say the vote for Brian Quintenz appointment for CFTC don delay two times, e be say na at White House request. Also, Freedom of Information Act request show say one partner of Brian Quintenz try find non-public CFTC info about designated contract market approvals. If dem confirm am, the nominated regulator go join CFTC during leadership change and im go play important role for cryptocurrency regulation. Titus talk say make dem get full transparency on any regulatory conflicts so that public fit trust and make sure say ethics rules dey followed.
Neutral
Di call we Rep. Titus make fit delay di confirmation of di CFTC nominee Brian Quintenz and e fit make dem dey look regulatory appointments well well. But di inquiry na about ethics and conflict-of-interest wahala, e no be say dem go change rule sharp sharp. Similar kine investigation before don cause small short-term shake but e no change how market dey long term. Cryptocurrency traders suppose expect say market stability no go too change, small small wahala for regulatory time dem go dey but no direct pressure for asset price dem.