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.

Under the proposed shift, the CFTC would oversee spot markets for digital assets classified as commodities, as well as regulate crypto exchanges

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

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

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

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.