Winklevoss no gree with Quintenz CFTC nomination because of Kalshi
Gemini co-founders Tyler and Cameron Winklevoss dey urge Senate Agriculture Committee make dem block Brian Quintenz for CFTC nomination, say e get conflict-of-interest because of im roles for a16z and as Kalshi board member. FOIA emails show say im incoming CFTC team dey find confidential data about Kalshi competitors. As response, White House request make dem delay committee vote, show say dem get wahala about regulatory transparency and possible bias for CFTC nomination. Crypto traders suppose dey watch dis saga well because e fit affect how CFTC policy go be for future and market conditions generally.
Bearish
Di wahala wey dey about Brian Quintenz CFTC nomination, wey conflict-of-interest palava and Senate delay vote highlight, dey cause gbege for crypto regulation. Traders fit see say no clear leadership and policy direction for CFTC no good for market sentiment, e fit increase how market dey waka up and down. For short term, dis palava fit put pressure for crypto assets as people wey get interest dey wait make dem know wetin go happen. For long term, if Chair confirm, e fit bring clear view, but as dem take long confirm am and say regulation fit get one kind side, e fit make people no sure, e show say market fit go down.