New Crypto Regulations Under CFTC Scrutiny, What Impact?

Jakarta, Pintu News – The leader of the United States Senate agriculture committee recently proposed a bill that would place the cryptocurrency spot market under the supervision of the Commodity Futures Trading Commission (CFTC). The proposal, which is supported by members of both parties, aims to increase consumer protection and clarify regulation in this rapidly growing sector.

Introduction of the New Bill

Senator John Boozman and Senator Cory Booker, who lead the committee, announced the bill on Monday. The bill is a continuation of the CLARITY Act that was passed by the House earlier this year. The bill includes a formal registration process for crypto trading platforms as well as new consumer protection rules.

The bill defines digital commodities as digital assets that are fungible, exclusively owned, and transferred from person to person without the need to rely on intermediaries. These assets are recorded in a distributed ledger that is cryptographically secured.

CFTC’s Role in Crypto Supervision

Under the proposed framework, digital commodity exchanges will be required to segregate customer funds, implement conflict of interest safeguards, and establish customer disclosure requirements and dispute resolution processes. These measures are expected to provide better protection for retail participants in the market.

Read also: New US Crypto Market Bill, What Are the Details Like?

In addition, brokers and dealers operating in the spot market will be required to register separately as “digital commodity brokers” or “digital commodity dealers”. They will also have to comply with the requirement to use “qualified digital commodity custodians” when storing customer assets.

Crypto Industry Reaction

The cryptocurrency industry has generally welcomed this draft bill, especially as it protects the rights of self-storage and allows individuals to conduct legitimate peer-to-peer transactions without relying on intermediaries. This is considered a step forward in regulating this still highly disorganized market.

According to Boozman, the CFTC is the right agency to regulate spot digital commodity trading. He emphasized the importance of setting clear rules for the emerging crypto market while also protecting consumers.

Conclusion

This proposed bill marks an important step in the cryptocurrency market regulation efforts in the United States. By regulating the spot market under the CFTC, there will hopefully be more clarity and security for investors as well as market participants. Interagency cooperation, including with the Securities and Exchange Commission, will also strengthen this framework.

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Reference

• Crypto News. Senate Agriculture Leaders Want CFTC to Regulate Crypto Spot Trading. Accessed on November 12, 2025
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