NEXT.io sources say Brian Quintenz’s planned US Senate Committee nomination vote was pushed back as a delayed flight meant the Republicans did not have sufficient votes to push it through.
The vote to approve the nomination of prediction markets-friendly Quintenz to lead the Commodity Futures and Trading Commission (CFTC) was expected yesterday (21 July), but was delayed at the last minute.
NEXT.io understands Democratic senators on the Senate Committee on Agriculture, Nutrition and Forestry were not satisfied with Quintenz’s answers at the previous 10 June hearing, including his expressed views on how to make the US derivatives regulator bipartisan.