TL;DR
- A bipartisan proposal redefines the oversight of cryptocurrencies.
- The CFTC would gain the authority to regulate crypto assets.
- The bill creates a formal registry for exchanges.
A new proposal in the United States Senate seeks to move the oversight of crypto assets from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This legislative effort has support from both major political parties. The change would affect the structure of the cryptocurrency market, which holds a total value of $3.6 trillion.
The initiative comes from the Senate Agriculture Committee. The chair of the committee, Senator John Boozman, and Senator Cory Booker introduced the plan. The bill aims to create a formal registration framework for platforms that trade cryptocurrencies. It would also implement new rules for disclosing information to investors.
Senator Booker stated that the measure focuses on protecting consumers and ensuring market safety. Senator Boozman said that giving the CFTC clear authority will help define rules for the crypto asset market. The proposed law would also require fees for registration and certain transactions. This cost could present a challenge for smaller trading platforms.
“The CFTC is the right agency to regulate spot crypto commodity trading,” Boozman said. “It is essential to establish clear rules for the emerging crypto market while also protecting consumers.”
Reactions from the market suggest a wait for more defined guidelines, not stricter limits. Some industry groups have shown a measured positive response. Acting CFTC Chair Caroline Pham has stated a commitment to help the United States become a central location for crypto asset activity.
This legislative effort finds a rare point of political common ground. Previous attempts to create rules for crypto without support from both parties have typically not advanced. The bipartisan nature of this proposal increases its potential to become law.
As of November 11, 2025, the price of Bitcoin is $104,608.55. Its market valuation is $2.09 trillion. There are 19.95 million Bitcoin in circulation. The price moved down 1.59 percent in one day. It moved up 0.73 percent over the past week.
