Donald Trump Plans To Give CFTC Oversight of $3 Trillion Crypto Market

Quick Summary:

The incoming Donald Trump administration is considering expanding the regulatory authority of the Commodity Futures Trading Commission (CFTC) to cover the $3 trillion digital asset market.

This potential move is part of an initiative to reshape financial regulations in the U.S.under President-elect Trump.

However, the commission has not been responsible for regulating the digital asset spot markets.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: Regulation News Crypto Regulation 24/7 Cryptocurrency News Donald Trump Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 23:52:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23898991

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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