Trump Media Buys $40 Million Worth of Bitcoin, CFTC Chair Prepares Clear Move for Crypto Rules!

Jakarta, Pintu News – CFTC Chairman, Michael Selig, said that Congress is ready to advance legislation regarding the structure of the crypto market. The statement comes after the Trump Media & Technology Group announced the purchase of $40 million worth of Bitcoin . The asset was then included in the company’s balance sheet.

Trump Media Buys 451 Bitcoins Equivalent to $40.3 Million

In a post on platform X, analytics site Lookonchain revealed that Trump Media purchased 451 Bitcoins worth approximately 40.3 million US dollars. This purchase increased the company’s total holdings to 11,542 BTC, which is worth more than 1 billion US dollars.

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This transaction follows an earlier disclosure in early 2025, in which Trump Media reported holding approximately USD 2 billion in Bitcoin and related digital assets. The company confirmed that Bitcoin is now a major asset in its financial portfolio.

CFTC Chair Highlights Market Structure Legislation

The focus of oversight has intensified after the Senate confirmed Michael Selig as the 16th chairman of the Commodity Futures Trading Commission (CFTC). In a post on the X platform, Selig stated that legislators are “ready” to resume discussions on legislation that would regulate digital asset markets.

He added that increased participation and rapid technological change were the main factors driving this move.

Selig thanked President Donald Trump for his appointment as chairman of the agency. He also emphasized that the CFTC is entering a new era along with the transformation of market behavior due to technological advances. In addition, he emphasized the importance of maintaining the continuity of the agency amidst the transition period.

Read also: Bitcoin Hash Rate Drops 4% amid Miner Pressure, What’s Next for BTC?

The CFTC chairman said that Congress will soon send a bill on crypto market structure to the president’s desk for approval. He considers this effort important to bring the oversight system into the “modern era,” as the current regulatory structure was designed for the market form of the past.

Legislation Aims to Clarify Federal Oversight of Crypto

The bill will establish federal guidelines for digital tokens, while clarifying the division of authority between the CFTC and the Securities and Exchange Commission (SEC).

The Senate version of the bill is called the Responsible Financial Innovation Act. The legislation expands the scope of the CLARITY Act that was previously approved by the House of Representatives in July.

However, the discussion was postponed during the holiday period. The Senate Banking Committee is scheduled to take up the crypto bill in January, with a plenary vote likely to follow.

White House advisor on AI and crypto, David Sacks, called this moment a pivotal point in the regulation of digital assets. He said that the CFTC and SEC leaders are now aligned in clarifying the rules.

His remarks come in the wake of increased legislative activity relating to such market structure proposals.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Trump Media $40M BTC Buy as CFTC Chair Jan Clarity Act. Accessed on December 24, 2025