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

Donald Trump’s incoming administration has plans to hand over most of the crypto industry’s regulatory power to the Commodity Futures Trading Commission (CFTC). This is a direct move to strip the Securities and Exchange Commission (SEC) of its grip on the $3 trillion crypto market—a market that’s been stuck in a regulatory disaster for years.

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

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.

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 U.S. Commodity Futures Trading Commission, a tiny regulator compared with the Securities and Exchange Commission, may emerge as the arbiter of crypto asset regulation in a second Trump administration,

"Crypto Dad" Chris Giancarlo has emerged as a leading contender to become the first-ever "crypto czar," a possible new administration position the Trump transition team is weighing.

The Trump government is reportedly looking at the possibility of giving the CFTC the authority to regulate the spot market for Bitcoin and other cryptocurrencies, potentially providing more clarity on which regulator should oversee the industry.