🚨🚨ALERT USA-SEC CRYPTO🚨 🚨
⚠️Regulation of cryptocurrencies in the United States: the SEC could be sidelined in favor of another agency⚠️
‼️ Donald Trump would consider the CFTC for the regulation of cryptocurrencies‼️
The CFTC is sometimes nicknamed the “little sister” of the SEC. This is the government agency dedicated to monitoring derivatives and commodity markets. As pointed out by Fox Business, which reports the case, the CFTC is often considered more flexible than the SEC in terms of regulations.
Perhaps this is why Donald Trump would consider shifting part of the regulatory framework surrounding cryptocurrencies in the United States. This would mean that Bitcoin (BTC) and Ether (ETH) would then be considered “commodities” – therefore goods.
It should also be noted that the CFTC already regulates the spot market for Bitcoin and Ether, so this proposed shift is a continuation of what is already being done. It would not be a question of completely abandoning the SEC, but of confining it to its expertise – securities.
It should also be noted that if the CFTC does not have the reputation of being an ogre of the SEC, it has not been kind to the cryptocurrency sector either, at least until now. She has filed several lawsuits and shown several times her distrust of the ecosystem.
That said, a change of direction is expected at the CFTC, just as at the SEC. Chris Giancarlo, the former director under the previous Trump administration, could make a return, and he is very supportive of cryptocurrencies. This could also involve a change in budget – that of the SEC is much higher than that of the CFTC at this stage.
What is certain is that we should see a profound change in the regulatory framework surrounding cryptocurrencies, with Donald Trump being very favorable to them. It is therefore indeed a new era which will open in the United States from next January.
