Brian Quintenz has been made head of policy at crypto and web3 venture firm a16z. The former Commodity Futures Trading Commission official joined the investment group last year as an advisor, the firm said in a statement.
Quintenz's elevation to the role comes as U.S. lawmakers prepare fresh regulations to oversee the crypto industry. The CFTC is among agencies jostling for additional powers to police the sector after a spate of high-profile failures left investors in the U.S. and elsewhere nursing billions of dollars in losses.
The ex-CFTC Commissioner has been instrumental in helping a16z manage Washington's policy landscape, the firm said. ''The last year has made it evident that more regulation is needed in certain areas of crypto and web3. The shape that legislation takes has yet to be determined, but it could have a massive effect on web3’s promise.''
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