The post U.S. Senate Proposes Shift from SEC to CFTC for Crypto Regulation appeared on BitcoinEthereumNews.com.

Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Senate bill shifts oversight from SEC to CFTC. Bill impacts market structure and consumer protections. A new bipartisan U.S. Senate proposal seeks to transfer digital asset regulatory power from the SEC to the CFTC, reshaping the $3.6 trillion cryptocurrency industry. This shift aims to enhance consumer protection and market stability, significantly impacting assets like Bitcoin and Ethereum, as well as the future of cryptocurrency regulation. Senate Push for CFTC Control Over Digital Assets The bipartisan proposal, led by Senate Agriculture Committee Chair John Boozman and Senator Cory Booker, introduces a significant regulatory shift from the SEC to the CFTC for the oversight of digital commodities. It seeks to establish a registration system for crypto exchanges and enforce new disclosure rules, transitioning the U.S. crypto regulatory landscape. This development emphasizes consumer protection and market safety, as noted by Senator Booker. Boozman affirmed that granting the CFTC authority would help create clear rules for the crypto market. The bill also mandates registration and transaction fees for specific activities, potentially impacting smaller exchanges. “The CFTC is the right agency to regulate spot digital commodity trading. It’s essential to establish clear rules for the emerging crypto market while also protecting consumers.” — John Boozman, Chair, Senate Agriculture Committee Market reactions indicate anticipation for increased clarity rather than restriction, with industry stakeholders expressing cautious optimism. Acting CFTC Chair Caroline Pham reinforced commitment to establishing the U.S. as a global crypto hub (source). Crypto Market Stability and Legislative Clarity Did you know? In the past, U.S. legislative attempts without bipartisan support often struggled. This bill, with backing from both Democrats and Republicans, could significantly redefine the regulatory landscape, potentially paving the way for increased institutional interest and market innovation. As of November 11,…

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Filed under: News - @ November 11, 2025 2:29 pm