{"id":3347,"date":"2024-11-27T04:46:54","date_gmt":"2024-11-27T04:46:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3347"},"modified":"2024-11-27T04:46:54","modified_gmt":"2024-11-27T04:46:54","slug":"trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3347","title":{"rendered":"Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?"},"content":{"rendered":"<div>\n<p>The incoming <strong>Donald Trump<\/strong> administration is reportedly planning to extend the regulatory power of the\u00a0<strong>Commodity Futures Trading Commission<\/strong>\u00a0to oversee a major portion of the cryptocurrency market.<\/p>\n<p><strong>What Happened<\/strong>: The\u00a0CFTC&#8217;s role could soon expand\u00a0to include the regulation of\u00a0spot markets for major assets such as\u00a0<strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>), along\u00a0with the exchanges that facilitate\u00a0their trading, Fox Business <a href=\"https:\/\/www.foxbusiness.com\/markets\/trump-admin-eyes-cftc-lead-digital-asset-regulation\">reported <\/a>on Tuesday, citing sources close to Trump\u2019s team.<\/p>\n<p>The proposed move is\u00a0part of a broader effort\u00a0by President-elect Trump and\u00a0the Republican majorities in Congress\u00a0to scale back the regulatory power that\u00a0the SEC has exerted\u00a0over the digital asset industry\u00a0under President <strong>Joe Biden<\/strong> and his\u00a0outgoing SEC chairman, <strong>Gary Gensler.<\/strong><\/p>\n<p>Key figures\u00a0in the incoming Trump administration\u00a0believe that less &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/government\/regulations\/24\/11\/42206456\/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-s\" alt=\"Trump\" administration to reportedly let cftc regulate bitcoin ethereum spot market is the sec set lose its grip over crypto>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The incoming Donald Trump administration is reportedly planning to extend the regulatory power of the\u00a0Commodity Futures Trading Commission\u00a0to oversee a major portion of the cryptocurrency market. What Happened: The\u00a0CFTC&#8217;s role could soon expand\u00a0to include the regulation of\u00a0spot markets for major assets such as\u00a0Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), along\u00a0with the exchanges that facilitate\u00a0their trading, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3347","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3347"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3347\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}