Donald Trump’s future administration intends to transfer cryptocurrency regulation from the SEC to the Commodity Futures Trading Commission (CFTC) to counter the SEC’s stringent policies under Joe Biden’s tenure.
Donald Trump’s future administration intends to transfer cryptocurrency regulation from the SEC to the Commodity Futures Trading Commission (CFTC) to counter the SEC’s stringent policies under Joe Biden’s tenure. Trump hopes this change will foster innovation in blockchain technology while creating clearer regulatory frameworks for the crypto market. Former CFTC Chairman “Chris Giancarlo” supported this plan, expressing concerns over the current SEC administration, noting that many top talents have left the agency. He emphasized that significant measures are needed to restore the SEC’s efficiency and focus on innovation.
Source: cryptoslate.com
