China News by Thebittimes.Com

The Trump administration is considering alternative Commodity Futures Trading Commission (CFTC) chair candidates after Tyler and Cameron Winklevoss lobbied against Brian Quintenz’s nomination. That’s according to a Bloomberg report that cited sources saying those under consideration include Michael Selig, chief counsel to the SEC’s crypto task force; Tyler Williams, Treasury counselor on digital asset policy; Summer Mersinger, current CFTC Commissioner; and Marco Santori, Kraken’s Chief Legal Officer. Quintenz’s confirmation has stalled since February, leaving the agency with only one commissioner, Caroline Pham, serving as acting chair. Winklevoss Twins Block Quintenz’s Path To CFTC Chair Early this month, Quintenz publicly accused the Winklevoss twins of undermining his nomination and said they may have misled Trump in the process. Quintenz, a former CFTC commissioner, was tapped for the agency’s top job amid initial expectations that he...

Barry Silbert’s letter to shareholders came just hours after Cameron Winklevoss wrote an open letter to him accusing him of defrauding customers. The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager. In the letter , Silbert addressed the growing issues around DCG and its subsidiaries owing to the bear market and FTX contagion. He said that bad actors and the implosion of leading crypto companies have wreaked havoc on the industry and noted that “DCG and many of our portfolio companies are not immune to the effects of the present turmoil.” I’m incredibly proud of the role that DCG & I have played as pioneers & builder...