Senate Agriculture Leaders Propose CFTC Oversight for Crypto Spot Trading

Senate Agriculture Leaders Propose CFTC Oversight for Crypto Spot Trading

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A bipartisan discussion draft in the Senate aims to bring crypto spot trading under the purview of the Commodity Futures Trading Commission (CFTC). This legislative push focuses on mandating exchange oversight and robust wallet protections, while explicitly deferring decisions regarding the regulation of decentralized finance (DeFi) platforms.

Senate Agriculture Leaders Push to Put Crypto Spot Trading Under CFTC Watch

The bipartisan discussion draft mandates exchange oversight and wallet protections while deferring decisions on DeFi regulation.