The Trump administration, set to take office in January, is reportedly exploring plans to expand the regulatory authority of the Commodity Futures Trading Commission (CFTC) over cryptocurrencies.
On Nov. 26, Fox Business reported that the Trump administration plans to give the CTFC greater oversight over the $3 trillion digital asset market, reducing the Securities and Exchange Commission’s (SEC) current efforts to police the sector.
The Trump administration also plans to encourage collaboration between the CFTC and SEC on stablecoin regulation.
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#undefined [Source: TheDefiant]