The upcoming Trump administration is evaluating the expansion of the Commodity Futures Trading Commission's (CFTC) jurisdiction to include the $3 trillion cryptocurrency market. This initiative could represent a significant change in the financial regulatory framework in the United States.
This consideration aligns with President-elect Donald Trump's broader agenda to overhaul and modernize financial regulations in the country. Such a move may have substantial implications for the management and oversight of digital assets.
Giving the CFTC authority over digital currencies could lead to a more structured and potentially more secure environment for cryptocurrency transactions and investment.