Senate Proposes CFTC Regulation for Crypto Spot Markets
Update: 2025-11-11
Description
Bipartisan Senate Proposal Gives CFTC Authority to Regulate Spot-Market Trading in Digital CommoditiesA new discussion draft from the Senate Agriculture Committee proposes granting the Commodity Futures Trading Commission (CFTC) explicit authority to regulate spot-market trading in digital commodities like Bitcoin. This move aims to establish clear rules for the emerging crypto market and protect consumers. The proposal, introduced by Chairman John Boozman and Senator Cory Booker, defines digital commodities as fungible digital assets recorded on a cryptographically secured public distributed ledger. The CFTC is considered the right agency to regulate spot digital commodity trading, with a dedicated funding stream and transition period for existing operators. The Agriculture Committees involvement stems from its historical oversight of farm commodities and the establishment of the CFTC in 1974. The legislative effort is still in early stages, with several sections unresolved and an uncertain timeline for Senate passage.
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