The Trump administration is making significant changes to cryptocurrency regulations.

The Trump administration is preparing to make a significant change in the regulation of cryptocurrency markets. According to the new plan, the oversight of cryptocurrencies will be transferred from the U.S. Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This move aims to promote growth in the crypto industry and reshape regulatory approaches.

CFTC Will Reshape Cryptocurrency Regulations

The Trump administration is preparing for a fundamental change in the regulation of the cryptocurrency market. According to sources close to Donald Trump, the oversight of cryptocurrencies will be transferred from the SEC to the CFTC in the new era. With this change, exchanges and spot markets that evaluate cryptocurrencies as commodities will come under a new regulatory framework.

With the change in regulatory authority, a reduction in the workload on the SEC is expected, allowing the crypto sector to achieve a more comfortable growth environment in America. The reasoning behind this decision by the Trump team is the belief that the SEC's strict regulations have negatively impacted innovative crypto ventures.

Former CFTC Chairman Chris Giancarlo stated that when the agency is provided with the necessary funding and management support, it could effectively oversee digital commodities from the very first day of Trump's presidency. Giancarlo highlighted the experience gained by the CFTC when it recognized Bitcoin as a commodity in 2015 during his remarks to the Senate Agriculture Committee.

The current CFTC Chairman Rostin Behnam is requesting additional resources for the oversight of cryptocurrency markets. Although the agency's budget of $706 million is significantly lower than the SEC's $3 billion budget, half of the sanctions in 2024 were aimed at crypto companies. Behnam describes this situation as "remarkable for a non-regulatory agency."

Significant changes are also on the horizon for the SEC. SEC Chairman Gary Gensler announced that he would step down from his position on January 20, 2025, when Trump takes office. Another key authority in the agency, Jaime Lizárraga, also announced that he would resign on January 17 to support his spouse. These developments signal the beginning of a new era in regulatory agencies.