Brian Quintenz, who has served as i of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to go out the agency on Aug. 31.

According to a Th study from the Wall Street Journal, Quintenz is expected to denote his motion into the individual sector after leaving the CFTC later this month. He hinted that his future career could include a focus on "innovation, specially related to cryptocurrency and DeFi" and planned to continue advocating for the crypto space.

Quintenz was first nominated to the position by President Barack Obama in March 2022 earlier beingness re-nominated past Trump in May 2022 and confirmed that August. His term at the CFTC was scheduled to end in April 2022, but he announced, at that time, that he would stay "until the before of the confirmation of my successor or October 31, 2022," subsequently extending this to "until the Senate acts on a confirmation."

Many in the industry know Quintenz every bit i of the leading voices in favor of crypto at the CFTC. He has argued cryptocurrencies like Bitcoin (BTC) should be regulated by the CFTC rather than the Securities and Exchange Committee and also chosen on crypto industry stakeholders to create a self-regulatory framework.

Related: Usa lawmakers urge CFTC and SEC to form joint working grouping on digital assets

The CFTC has five commissioners in its panel. With the divergence of Quintenz and former chairperson Heath Tarbert, at that place are two empty seats bachelor to exist filled with nominations from President Joe Biden. CFTC Commissioner Rostin Behnam has been acting equally chairperson since Tarbert left in January.