The post U.S. Senate Unveils Draft to Redefine Crypto Regulation Framework appeared on BitcoinEthereumNews.com.

Regulations After months of anticipation, U.S. lawmakers have taken a major step toward establishing a clear framework for digital asset oversight. Key Takeaways: Bipartisan Senate draft proposes shifting crypto oversight from the SEC to the CFTC. Most cryptocurrencies would be classified as digital commodities under the plan. Lawmakers remain divided over DeFi rules and the CFTC’s regulatory capacity. The proposal marks the most significant step yet toward a unified U.S. crypto framework.  Washington’s long debate over who should regulate digital assets has reached a turning point. Senators John Boozman and Cory Booker have introduced a bipartisan discussion draft that would shift the bulk of cryptocurrency oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC)—a move long favored by both the crypto industry and the Trump administration. The proposal, released by the Senate Agriculture Committee, lays out the foundation for a broader market structure bill that aims to bring long-awaited clarity to how digital assets are classified, traded, and supervised at the federal level. Under the plan, most cryptocurrencies such as Bitcoin and Ethereum would be treated as digital commodities, falling under the CFTC’s jurisdiction. The bill would also introduce new registration requirements, disclosure obligations, and transaction fees for certain market participants, tightening accountability in what has been a largely unregulated landscape. A Divided but Determined Congress While the legislation reflects rare bipartisan cooperation, it also exposes divisions over resources and priorities. Senator Booker welcomed the progress but warned that the CFTC currently lacks the staff and infrastructure to regulate a trillion-dollar market. The commission, designed as a five-member bipartisan body, currently has only one active member—Acting Chair Caroline Pham—after a wave of resignations. The draft would require that at least two of the CFTC’s future commissioners be Democrats, ensuring balance once Trump’s nominee for…

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Filed under: News - @ November 11, 2025 1:30 am