Bipartisan Senate Draft Expands CFTC Authority, Aims to Reshape Crypto Market
A bipartisan group of senators released a draft proposal this week that would expand the Commodity Futures Trading Commission’s oversight of crypto markets while reinforcing consumer protections. The measure aims to create clearer rules for trading infrastructure and market conduct, addressing long-standing regulatory uncertainty that has fragmented oversight.
Supporters argue the bill’s federal backing could increase liquidity and encourage broader adoption of digital-asset trading on regulated U.S. platforms by giving institutional and retail participants more confidence. The proposal still faces negotiations in Congress and potential coordination issues with other regulators, but its bipartisan nature raises the odds of meaningful change to the U.S. crypto market structure.