Brian Quintenz, President Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), emphasized the need for increased funding during a Senate hearing. He stated that expanded authority granted to the CFTC regarding cryptocurrency regulation would require new resources. “New jurisdiction comes with new resources,” he affirmed in response to senators’ questions. “So, if Congress grants the CFTC expanded powers over the cryptocurrency industry, I expect we’ll need additional funding.” Quintenz previously served as a commissioner at the CFTC from 2017 to 2021 and has expertise in crypto regulation from his work at Andreessen Horowitz’s crypto division. The hearing took place amidst growing interest in digital asset regulation and significant personnel turnover at the CFTC, with several commissioners stepping down or departing.