Trump admin eyes CFTC to lead digital asset regulation

The incoming Trump administration wants to expand the power of the Commodity Futures Trading Commission by granting it oversight of a significant portion of the $3 trillion digital asset market, FOX Business has learned.

The move would come as part of a broader effort by President-elect Donald Trump and the Republican majorities in Congress to roll back some of the regulatory power the Securities and Exchange Commission has wielded over the digital asset industry under President Biden and his outgoing SEC chairman, Gar