US Senators Propose New Bill to Transfer Crypto Regulatory Authority to CFTC

According to ChainCatcher, citing Dlnews, U.S. Senators John Boozman and Cory Booker have introduced a bipartisan bill aimed at transferring cryptocurrency regulatory authority from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill would authorize the CFTC to define and regulate digital commodities, establish a registration system for crypto trading venues, enforce new disclosure rules, and impose fees on certain transactions.

CFTC Acting Chair Caroline Pham stated that she is committed to "making the United States the world's crypto capital," with plans to advance spot crypto trading by the end of the year and issue stablecoin guidelines in early 2026. This move is part of a shift in the U.S. government's stance toward the $3.6 trillion digital asset industry. SEC Chair Paul Atkins has already announced that "the crypto era has arrived" and has launched a deregulation "crypto initiative."