Seeking to end years of regulatory uncertainty, a new Senate bill proposes making the Commodity Futures Trading Commission (CFTC) the main regulator for the US crypto market, according to Bloomberg.
The bipartisan legislation would require the CFTC to establish clear rules for trading platforms, enforce transparency, and define what constitutes a digital commodity.
Sponsors argue this clarity is “essential” for protecting consumers and allowing the market to grow, positioning the bill as a direct alternative to the SEC’s current strategy of regulating through litigation.
