Who will president Trump pick to replace outgoing CFTC chair Benham?

The search is on. With Rostin Behnam stepping down as Chair of the Commodity Futures Trading Commission (CFTC) on January 20, President Trump is hunting for someone to reshape the agency into a crypto-friendly powerhouse.

Behnam’s exit leaves a vacuum in one of the most important regulatory bodies overseeing U.S. financial markets. Trump’s decision could change how America handles its $3.5 trillion crypto market for years to come.

The CFTC regulates a mind-blowing $500 trillion in trading activity across derivatives and commodities. But when it comes to crypto, its role has been muddled. For years, the CFTC has wrestled with the SEC over who gets control of what.

Now Trump might give the CFTC even more authority, possibly letting it oversee the spot market for Bitcoin and Ethereum. That’s a big deal for an industry desperate for clarity and tired of SEC crackdowns.

Who’s in the running?

Trump’s transition team has reportedly vetted six contenders for the top CFTC role. Two names are pulling ahead: Brian Quintenz and Summer Mersinger. Both have solid government experience and are loved by the crypto world for opposing the SEC’s heavy-handed tactics under Biden.

Quintenz is a former commissioner at CFTC, and he worked closely with the agency to approve futures contracts for Bitcoin and Ethereum. Now, he heads crypto policy at Andreessen Horowitz (a16z), where he’s been a fierce advocate for pro-crypto regulations.

His connection to a16z’s founder Marc Andreessen—one of Trump’s top crypto advisors—puts him in a strong position. And let’s not forget, Trump himself nominated Quintenz to the CFTC back in 2017.

Then there’s Mersinger. Currently serving as a CFTC commissioner, she’s gained respect for her sharp take on balancing innovation and consumer protection. She’s openly criticized the CFTC’s enforcement actions against decentralized finance (DeFi) platforms, calling out the agency’s approach as shortsighted.

In a dissenting opinion last September, she slammed the settlement with Uniswap, a decentralized exchange, saying, “Regulation through enforcement is, at best, a band-aid.” Her focus on creating clear rules for DeFi makes her a favorite among blockchain innovators.

But the list doesn’t stop there. Marco Santori, Kraken’s former chief legal officer, has also been interviewed, though he hasn’t officially left the crypto exchange. Santori is a heavyweight in crypto law, making him another contender to watch.

Republican Commissioner Caroline Pham is still in the mix too. She’s built a strong reputation inside the agency and is seen as a steady hand. Rounding out the list are Neal Kumar and Josh Sterling, both lawyers with deep ties to the CFTC. While their names carry weight, insiders say Quintenz and Mersinger remain the top picks.

Crypto’s big bet on the CFTC

Trump’s decision goes beyond filling a job. His choice could define the future of crypto regulation in the U.S. For years, the industry has been stuck under the SEC’s microscope, with Gary Gensler leading an enforcement blitz. Companies were fined over technicalities while scandals like the FTX meltdown blindsided regulators. The industry has had enough.

Trump knows this. He campaigned on making America the “crypto capital of the planet” and raked in millions from digital asset executives. Now, he’s under pressure to deliver. His administration is already stacking the deck with crypto-friendly leaders.

Paul Atkins, known for his early love of Bitcoin, is set to take over the SEC. Scott Bessent, a Bitcoin enthusiast, will lead the Treasury Department. The next CFTC chair needs to fit this mold.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.