Senators introduce bill to move crypto market regulation from SEC to CFTC
Crypto Briefing
Bipartisan senators introduced a bill to shift primary crypto spot market regulation from the SEC to the CFTC.Summary
A new bipartisan Senate bill, proposed by Senators John Boozman and Cory Booker, seeks to fundamentally reshape US cryptocurrency regulation by designating the Commodity Futures Trading Commission (CFTC) as the primary regulator for spot digital commodity markets. The legislation proposes classifying most crypto assets as digital commodities, thereby establishing clearer rules for trading and token issuance. This move, which builds upon the House's CLARITY Act, is welcomed by the industry as a significant step toward unifying digital asset regulation under a single framework, while aiming to balance innovation with consumer protection by strengthening the CFTC's resources and oversight capabilities.
(Source：Crypto Briefing)