President Donald Trump has indicated support for a cryptocurrency bill poised to redefine digital asset regulation in the United States. The proposed legislation seeks to establish clear jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Under the bill, the CFTC would gain primary authority over major digital assets like Bitcoin and Ethereum, while the SEC would oversee crypto assets deemed securities. This division aims to provide much-needed clarity for exchanges and investors.
Crypto exchanges and brokers would be granted a 180-day window to register under the new framework once the bill becomes law. The legislation has already passed the House of Representatives, and Senate committees are working to reconcile differing versions before a potential February 28 deadline.
Supporters argue the bill will foster stability and encourage institutional investment, while Coinbase has previously voiced concerns about earlier drafts. If enacted, it would represent a significant regulatory shift for the US crypto market, formalizing rules for stablecoins and clarifying oversight responsibilities.