The incoming Trump administration is reportedly planning to expand the authority of the Commodity Futures Trading Commission (CFTC) to oversee a large part of the $3 trillion digital asset market. This move is part of a broader Republican effort to reduce the regulatory power of the Securities and Exchange Commission (SEC) over the crypto sector. The CFTC's jurisdiction could potentially cover spot markets for digital assets like Bitcoin and Ethereum, as well as the exchanges where these assets are traded. The administration believes that lighter regulation could drive innovation in the crypto sector and promote the use of blockchain technology. Former CFTC chairman Christopher Giancarlo, known for his pro-crypto stance, has commented on the potential move and is being considered for a new role overseeing crypto-related policy. The SEC, under Chairman Gary Gensler, has faced criticism for its enforcement-driven approach in the crypto industry, leading to growing support for the CFTC as a more favorable regulator. Currently, the regulatory landscape for digital assets in the US remains fragmented, with neither the SEC nor the CFTC establishing clear guidelines.



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