Trump proposes transferring cryptocurrency oversight to CFTC

Donald Trump suggested that the oversight of the cryptocurrency market could be transferred from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This is part of his plan to create a more business-friendly legal environment for the cryptocurrency industry, especially in the context of his commitment to ending the strict regulatory measures that the previous administration had implemented. Trump has also proposed the establishment of a digital currency advisory board, including representatives from the industry, to provide input on digital asset policies in the U.S.

With the CFTC currently overseeing cryptocurrencies since 2015 and having more flexible regulatory capabilities compared to the SEC, this transfer of oversight could allow cryptocurrency companies to operate more easily, facilitating the growth of the industry (promoting the development of cryptocurrencies in the United States such as XRP, ADA…). This clearly reflects a shift in policy priorities toward the cryptocurrency market as Trump takes office.