TechFlow news, November 27 — According to FOX Business, the incoming Trump administration is seeking to expand the powers of the Commodity Futures Trading Commission (CFTC), granting it regulatory authority over a significant portion of the digital asset market.
As Trump takes office and the crypto industry gains increasing influence in Republican politics, sources say the CFTC’s mandate could soon be expanded to regulate cryptocurrency spot markets for assets deemed commodities—such as Bitcoin and Ethereum—and the exchanges facilitating their trading.
Key figures within Trump’s team believe that deregulation is necessary to stimulate innovation in the crypto sector, including potentially transformative blockchain technologies.
Chris Giancarlo, former chairman of the CFTC, said: “With adequate funding and the right leadership, I believe the CFTC could begin regulating digital commodities on day one of President Trump's term.”
