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Key crypto agency in turmoil

The White House’s decision to pull its nominee to lead the Commodity Futures Trading Commission (CFTC) has left the financial regulator in an increasingly uncertain position, with just one remaining commissioner in place to tackle President Trump’s ambitious crypto agenda.

The Trump administration withdrew Brian Quintenz’s nomination from consideration last week after he became embroiled in a public spat with crypto billionaires Tyler and Cameron Winklevoss.

The development leaves acting CFTC Chair Caroline Pham alone at the helm of the agency with no replacement in sight, as the commission seeks to set crypto policy and faces down the prospect of greater responsibilities overseeing the industry with new legislation.

“It’s disappointing that

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