The Trump administration reportedly pulled the nomination of Brian Quintz to chair the Commodity Futures Trading Commission.

Politico said Tuesday that the White House has appointed Quintenz’s appointment as CFTC board member and chairman, citing two people who knew the decision before its release.

Quintenz told Politico: “It’s an honor in my life to be nominated for CFTC Chairman and go through the confirmation process.”

“I thank the President for the opportunity and I am grateful to the Senate Agriculture Committee for its consideration,” he added. “I look forward to returning to my private sector efforts at this exciting time for innovation in our country.”

This is a developing story, and more information will be added as it becomes available.