Currently, the CFTC controls a derivatives market worth $20 trillion. After Donald Trump takes office as President of the United States, the agency will be able to regulate both the futures and spot markets for cryptocurrencies, as $BTC Bitcoin and $ETH Ether will be considered commodities. According to sources from FOX Business, the CFTC will oversee exchanges where these cryptocurrencies are traded. The regulatory powers of the U.S. Securities and Exchange Commission (SEC) regarding digital assets will be reduced. Last week, SEC Chairman Gary Gensler announced that he would resign on January 20, 2025, after Trump's inauguration. Former CFTC Chairman Chris Giancarlo noted that with adequate funding and proper leadership, the CFTC could take on the regulation of cryptocurrencies, so-called digital commodities, on the very first day of Donald Trump's presidency. Giancarlo became one of the candidates for the position of 'crypto czar' in the White House, who will deal with federal cryptocurrency policy. $SCRT