Will a Republican Trifecta Bring Clearer Crypto Regulation?
Clarified cryptocurrency regulation may come from expanded CFTC power under Trump Administration.
With President Donald J. Trump’s electoral victory, cryptocurrency may enter a new era of regulation through increased oversight authority by the Commodity Futures Trading Commission (CFTC). This shift would align with the new Administration’s goal of reducing the U.S. Securities and Exchange Commission (SEC) oversight power. Such a shift would be beneficial to the cryptocurrency industry and help resolve the jurisdictional conflict brewing between the SEC and CFTC.
Currently, the SEC and the CFTC have competing definitions of cryptocurrencies. The SEC classifies digital assets as securities under the Howey Test, which provides criteria…
