TechFlow, Nov 11 — According to Dlnews, U.S. Senators John Boozman and Cory Booker introduced a bipartisan bill on November 11 aiming to transfer cryptocurrency regulatory authority from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill would empower the CFTC to define and regulate digital commodities, establish a registration system for crypto trading platforms, enforce new disclosure rules, and impose fees on certain transactions.
CFTC Acting Chair Caroline Pham stated her commitment to "making the U.S. the global hub for cryptocurrency," planning to advance spot crypto trading before year-end and issue stablecoin guidelines by early 2026. This move is part of a broader shift in the U.S. government's stance toward the $3.6 trillion digital asset industry, with SEC Chair Paul Atkins declaring that "the crypto era has arrived" and launching a deregulatory initiative called "Project Crypto."
