Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto? – Benzinga

The Trump Administration is said to be considering allowing the Commodity Futures Trading Commission (CFTC) to regulate the Bitcoin and Ethereum spot market. This move could potentially weaken the Securities and Exchange Commission’s (SEC) authority over cryptocurrencies. The CFTC, known for regulating futures and options markets, may soon have oversight over these two major cryptocurrencies. This shift in regulatory power could have significant implications for the crypto market. It remains to be seen how this potential change will impact the SEC’s control over cryptocurrency regulation.