CFTC
Senators unveiled a bipartisan draft bill that broadens the CFTC’s authority and tightens consumer protections, signaling stronger federal support for regulated crypto markets. Lawmakers say the move could improve market structure and boost liquidity on U.S. trading venues.
At his confirmation hearing, CFTC chair nominee Michael Selig said he supports having a “cop on the beat” in digital asset markets and outlined how he would act if serving as the commission’s sole commissioner. He emphasized enforcement and market integrity while answering questions about regulating DeFi.
A university study lauds XRP as ‘Gold In Your Hands’ while a bipartisan Senate Market Structure Draft rekindles the commodity-vs-security debate, proposing CFTC oversight for digital assets like XRP and Bitcoin. The proposal could influence listings, custody and institutional adoption if it gains traction.
At the Philadelphia Fed Fintech Conference, SEC Chair Paul Atkins unveiled "Project Crypto," a proposal to transfer oversight of certain digital assets — potentially including XRP — from the SEC to the CFTC. The move would reframe regulatory jurisdiction and could reduce securities-related risk for some tokens.
A new US Senate bill would grant the CFTC authority over digital commodity spot markets, potentially classifying XRP as a commodity and separating it from SEC jurisdiction. The move could bring regulatory clarity for exchanges, institutional custody, and retail platforms like Bitlet.app.
The Senate Agriculture Committee unveiled a draft crypto market structure bill aiming to define CFTC authority over spot trading, advancing a Senate version of the Clarity Act. The move heightens regulatory uncertainty for exchanges, DeFi platforms and retail users.
Interim CFTC chief Caroline Pham has begun talks with regulated exchanges to roll out spot crypto products potentially next month, signaling the regulator is moving quickly even as Congress debates formal authority. The move could reshape liquidity, custody and institutional access across the crypto market.
A recent proposal by Senate Democrats seeks to regulate DeFi platforms by requiring entities profiting from them to register as brokers with the SEC or CFTC. While aiming to increase oversight, the proposal faces criticism from the industry for potentially stifling innovation and pushing development overseas. Purely decentralized protocols without profits may remain exempt. The debate continues with ongoing Senate negotiations.
Significant leadership changes at the CFTC alongside regulatory updates from the SEC signal evolving crypto regulations in the US. Learn how these developments, along with legislative progress like the GENIUS Act, impact digital asset oversight.
The SEC and CFTC are joining forces to establish a new regulatory framework for cryptocurrencies like Bitcoin, Ether, and Tether, targeting enhanced oversight for U.S. customers. This collaboration aims to provide clearer guidelines for crypto markets, benefiting investors and the industry alike.