Quintenz will leave by Aug. 31.
The two congressmen wrote that rather than potentially regulating innovation and job creation out of the U.S., lawmakers and regulators should “promote an active dialogue between regulators and market participants.”
The regulator is charged with overseeing derivatives market activity, including cryptocurrency derivatives.
BitMEX will pay a $100 million penalty to resolve the charges, the firm announced in a blog post.
Quintenz's comment follows remarks by SEC Chairman Gary Gensler, who this week reiterated his view that stock and "stable value tokens backed by securities" qualify as securities.
Miller served as legal counsel to SEC Chairman Gary Gensler, when Gensler was at the CFTC.
U.S.-based traders are able to use virtual private networks designed to mask the country where they are based. Or they simply lie about where they are from.
The St. Vincent-based trading shop did not show up in court to defend itself against CFTC allegations.
The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.
Federal law "does not contain any exception" for decentralized finance markets, Dan Berkovitz said.
Maintaining users' privacy is a key design focus, according to Massad. "We're not China."
Jason Somensatto joined the CFTC in February.
A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.
A U.S. district court entered a default judgment against an Australian citizen residing in the U.S. and a Nevada corporation for a cryptocurrency fraud and misappropriation scheme, the Commodity Futures Trading Commission said Thursday.
The man solicited at least 22,190.542 bitcoin, valued at about $143 million at the time, from more than 1,000 customers worldwide.