《Breaking news! Trump administration's big move: to expand CFTC power, aiming at $3 trillion digital asset market! 》

The Trump administration intends to expand the power of the U.S. Commodity Futures Trading Commission (CFTC) to regulate the $3 trillion digital asset market.

The Trump administration plans to regulate this huge digital asset market by expanding the CFTC's regulatory power, with the aim of establishing a clear regulatory framework for the industry and promoting innovation.

According to reports from Wu, the incoming Trump administration plans to expand the CFTC's power to regulate the $3 trillion digital asset market.

This move is intended to reduce some of the jurisdiction of the U.S. Securities and Exchange Commission (SEC) in the crypto industry, allowing the CFTC to regulate digital assets such as Bitcoin (BTC) and Ethereum (ETH) that are considered commodities and their spot markets.

The Trump administration feels that doing so will provide a clear regulatory framework for the digital asset industry, thereby promoting innovation. Prior to this, former CFTC Chairman Chris Giancarlo was considered a popular candidate for the position of "Crypto Tsar" in the Trump administration.

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