Senators Launch Bid to Hand Crypto Keys to the CFTC

A new Senate bill is aiming to put the CFTC in the driver’s seat of US crypto regulation.

The proposal would grant the agency broad new powers to oversee digital commodity trading, effectively sidelining the SEC.

This legislative push amplifies a government-wide trend, as officials from the SEC to the Treasury Department signal a decisive turn away from the adversarial stance of previous years and toward a framework designed to accommodate the growing industry.