🚀 Good news from the crypto world! After years of the SEC being a “traffic cop” on digital roads, there’s a big change on the horizon. The Trump team is planning to give the CFTC more power to oversee the $3 trillion crypto market. 🎉
- With over 50 million people holding digital assets, the CFTC may soon be monitoring the spot markets for Bitcoin and Ethereum.
- Former CFTC Chairman Chris Giancarlo is optimistic that with the right funding and leadership, the CFTC could get right to work regulating digital commodities.
- If Congress approves, it could end the regulatory uncertainty and “drama” between the SEC and CFTC.
What do you think about these changes? Let’s discuss them in the comments!