U.S. CFTC Chairman "Congress Ready to Send Virtual-Asset Market-Structure Bill to Trump"
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- The CFTC chairman said Congress has finished preparations to send a virtual-asset market-structure bill to President Trump.
- The bill clearly separates regulatory authority over virtual assets between the SEC and the CFTC, and it was emphasized that resolving regulatory uncertainty within the industry is the core objective.
- Market participants expect that President Trump's decision to sign and any resulting change in the administration's regulatory stance would have a significant impact on the overall virtual-asset market.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A statement was made that the U.S. Congress is ready to deliver a market-structure bill for virtual assets (cryptocurrency) to President Donald Trump.
On the 22nd (local time), according to crypto-focused media WatcherGuru, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that Congress is prepared to complete the procedures to send a market-structure bill for virtual assets to the president.
Selig began his official term that day, and indicated that reorganizing the virtual-asset regulatory framework will be a major policy task. He emphasized that the market-structure bill is a key piece of legislation that would resolve regulatory uncertainty for the virtual-asset industry.
The bill aims to clearly delineate regulatory authority over virtual assets between the Securities and Exchange Commission (SEC) and the CFTC. The core is to classify virtual assets as securities or commodities depending on their nature and to establish corresponding supervisory frameworks.
Market participants say that if the bill is sent to President Trump, whether he signs it and the administration's subsequent regulatory stance would have a significant impact on the overall virtual-asset market.
