The incoming Donald Trump administration is reportedly planning to extend the regulatory power of the Commodity Futures Trading Commission to oversee a major portion of the cryptocurrency market. Don't Miss: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,

The incoming Trump administration wants to expand the power of the CFTC by granting it oversight of a significant portion of the $3 trillion digital asset market.

The Commodity Futures Trading Commission (CFTC) may reportedly oversee a substantial portion of the $3 trillion digital asset market once President-elect Donald Trump assumes office next year.

The Trump administration plans to grant the CFTC authority over cryptocurrency spot markets, particularly Bitcoin and Ethereum, marking a shift away from SEC oversight

Reports indicate that President-elect Donald Trump’s incoming administration is considering a significant shift in crypto regulation.

Trump administration aims to enhance CFTC crypto oversight, reducing SEC's role in the $3 trillion digital asset market regulation.

Donald Trump plans to expand the CFTC’s role in overseeing digital assets, while curbing the SEC’s control to reverse Biden-era regulations.

The US Commodity Futures Trading Commission, the underfunded regulator overshadowed by the SEC, has a path to prominence if the incoming Trump administration revamps crypto policy and installs an industry-leaning chair.