Is the crypto world welcoming good news again? A crypto figure has become a popular candidate for CFTC Chair

The latest development is that Brian Quintenz has emerged as a leading candidate to head the Commodity Futures Trading Commission (CFTC). Quintenz is the policy director of the digital assets division at venture capital giant Andreessen Horowitz's a16z Crypto and a former Republican CFTC commissioner.

In addition to supportive regulations, Trump has also endorsed the idea of establishing a strategic national Bitcoin reserve. Although many question the feasibility of the latter, the elected president's son, Donald Trump Jr., stated that his father 'will be an incredible ally for this industry.'

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