$BTC
No signs of cooling down yet - the party has only just begun.
Delicious dishes continue to be served at the banquet. Take your time to enjoy 😋
According to Odaily, the Executive Director of the Hong Kong Institute of New International Economic Research, Fu Rao, has analyzed the plans of the U.S. President-elect Trump to reshape the regulatory framework for cryptocurrency. The proposed changes aim to grant the Commodity Futures Trading Commission (CFTC) greater regulatory authority over the $3 trillion digital asset market while reducing the authority of the U.S. Securities and Exchange Commission (SEC). This move is seen as a significant policy shift in the cryptocurrency space, with potential far-reaching impacts on the global cryptocurrency market.
Cryptocurrency regulation in the U.S. has long faced issues of unclear responsibilities. Under the current framework, the SEC and CFTC regulate the cryptocurrency sector through enforcement actions, but the lack of a clear legal foundation has led to disputes over their respective authorities. In contrast, the CFTC is known for its more lenient approach to cryptocurrency regulation, having established a reputation as a more industry-friendly regulatory body. The CFTC primarily oversees the derivatives market, including futures and options trading, with limited authority over the spot market.#writetoearn #writetowin