{"id":143409,"date":"2024-11-27T16:00:57","date_gmt":"2024-11-27T14:00:57","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143409"},"modified":"2024-11-27T15:22:04","modified_gmt":"2024-11-27T13:22:04","slug":"trump-administration-considers-shifting-crypto-oversight-to-cftc-reducing-sec-influence","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trump-administration-considers-shifting-crypto-oversight-to-cftc-reducing-sec-influence\/","title":{"rendered":"Trump Administration Considers Shifting Crypto Oversight to CFTC, Reducing SEC Influence"},"content":{"rendered":"
The plan<\/a> <\/strong>aims to classify these assets as commodities, which would allow the CFTC to apply a lighter regulatory approach, encouraging innovation in the crypto space.<\/p>\n Former CFTC Chair Christopher Giancarlo supports the move, believing the agency could begin regulating digital commodities effectively with the right resources. This proposal contrasts with the SEC\u2019s more aggressive enforcement style, which has been criticized for stifling the industry. The push to empower the CFTC aligns with the Trump administration\u2019s goal to reduce regulatory barriers.<\/p>\n The SEC and CFTC have long disagreed over how to classify digital assets, creating regulatory uncertainty. The new plan would clarify these roles, with the CFTC already asserting jurisdiction over Ethereum\u2019s<\/a> <\/strong>futures contracts. A bipartisan bill, the \u201cBRIDGE Digital Assets Act,\u201d is also in the works to foster collaboration between the agencies and establish a unified regulatory framework.<\/p>\n