NEW: White House plans to nominate a16z’s Brian Quintenz as permanent CFTC chair. Also planned: Jonathan Gould as permanent OCC & Jonathan McKernan for CFPB director. More on Bloomberg Terminal, With Paige Smith & Nicola M. White

Donald Trump is seeking to rein in independent federal agencies in an executive order that aims to curb the ability of some of Washington’s most powerful regulators to oversee banks and other companies trib.al/im2Y5BX

Cuts at the CFTC. With Lydia Beyoud bloomberg.com/news/articles/…

SCOOP: A high-ranking SEC official asked enforcement staf in January to declare that a case they wanted to bring against Elon Musk wasnt politically motivated, an unusual request that the staffers refused 🎁Link bloomberg.com/news/articles/…

A high-ranking official at the SEC asked enforcement staff members in January to declare that a case they wanted to bring against Elon Musk was not motivated by politics, an unusual request that the staffers refused. news.bloomberglaw.com/esg/sec-offici…

The SEC is offering $50K to employees who'll resign by March 21, Nicola M. White & I report. Employees would have to leave the agency by April 4. Full story: bloomberg.com/news/articles/…

Lots of change in a short amount of time at the U.S. Securities and Exchange Commission. There's more to come. With Lydia Beyoud. bloomberg.com/news/articles/…

The former top lawyer at events trading platform Kalshi is leading the DOGE team recently arrived at the SEC. More from Nicola M. White & me here: bloomberg.com/news/articles/…

The CFTC has put four lawyers and an investigator on administrative leave amid allegations of employee misconduct in a fraud case against an online trading platform bloomberg.com/news/articles/…

A federal judge is weighing an unusual recommendation to sanction the CFTC, based on a report that the derivatives watchdog made such significant missteps in a 2023 fraud case that the agency should dismiss it and pay legal fees bloomberg.com/news/articles/…

First byline Bloomberg! This summer I’ll be on the Financial Regulation team for Bloomberg in DC, covering deregulation, crypto regulations, the SEC, and the dismantling of the CFPB. Pls reach out would love to talk finreg and crypto. bloomberg.com/news/articles/… w/ Nicola M. White

How does the on-paper wealth of the CEO of a tiny, money-losing herbal medicine company briefly soar to $33 billion? If you're mystified, you're not alone. $RGC bloomberg.com/news/articles/…

News: Polymarket is buying QCX, a CFTC-regulated exchange (just authorized July 9) for $112M. The purchase will allow the crypto betting platform to legally re-enter the US market. W/ Sridhar Natarajan & Nicola M. White bloomberg.com/news/articles/…

.@Business reporter @YashRoy87 with the details on where things stand after today's surprise vote cancelation in Senate Ag Committee. Follow him!

More context on today’s second delay on Senate Ag Cmte vote to advance Brian Quintenz as CFTC chair, courtesy Yash Roy who is in the room for the previously scheduled vote.