ChainDD (WeChat ID: ChainDD) January 9 news, the Trump transition team has reviewed at least six potential candidates for the CFTC. Under Trump's leadership, the CFTC may play a larger role in the regulation of the $3.5 trillion cryptocurrency market, including (if permitted by Congress) the regulation of the spot markets for certain digital assets such as Bitcoin and Ethereum, whose regulatory environment remains unclear.
In recent years, the CFTC has been responsible for regulating approximately $50 trillion in currency and financial derivatives trading, engaging in fierce competition with the SEC over the regulation of the cryptocurrency market. Due to the perception that the CFTC's regulatory approach is relatively lenient, the industry tends to view it as the primary regulatory authority. Under Gary Gensler's leadership, the SEC has launched a comprehensive crackdown on U.S. cryptocurrency companies, provoking dissatisfaction within the industry.
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