Reported about 9 hours ago
The US Commodity Futures Trading Commission (CFTC) may gain significant power over the cryptocurrency industry if the incoming Trump administration acts to reform crypto regulations and appoints a pro-industry chair. With Republican leadership in Congress and the White House, the CFTC could expand its jurisdiction to include major cryptocurrencies like Bitcoin and Ether. Potential candidates for the chair position, who are generally supportive of the crypto market, include Summer Mersinger and Caroline Pham. The CFTC has faced criticism for its enforcement actions against crypto firms lacking clear regulatory guidelines, a situation some advocates argue could drive innovation overseas.
Source: YAHOO