Crypto Oversight May Shift To CFTC Under Trump Administration: Report

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Bitcoinist 11h ago

Crypto Oversight May Shift To CFTC Under Trump Administration: Report - Bitcoinist

Quick Summary:

According to a report by Fox Business, citing sources familiar with the matter, the incoming Donald Trump administration may empower the Commodity Futures Trading Commission (CFTC) to regulate certain crypto assets.

According to the report, the new role is expected to “help execute crypto policy and potentially oversee an industry-led advisory council.

Recent reports suggest that Trump’s transition team may create a national Strategic Bitcoin Reserve (SBR) to tackle inflationary pressures and macroeconomic uncertainties.