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US senators propose new bill to transfer crypto regulation to the CFTC

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2025-11-11 12:37:59
U.S. Senators John Boozman and Cory Booker introduced a bipartisan bill on Nov. 11 that aims to transfer crypto regulation from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill would authorize the CFTC to define and regulate digital commodities, establish crypto exchange registry systems, enforce new disclosure rules, and levy fees on specific transactions.
Acting CFTC Chair Caroline Pham has said she is committed to "making the U.S. the cryptocurrency capital of the world," with plans to promote spot crypto trading by the end of the year and issue guidelines for stablecoins in early 2026. The move is part of a shift in the U.S. government's attitude towards the $3.60 trillion digital asset industry. SEC Chair Paul Atkins has declared that "the crypto era has arrived" and launched a deregulated "crypto project."
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