US President Donald Trump’s US Commodity Futures Trading Commission (CFTC) is scheduled to appear before the MPs’ pick, MPs of Donald Trump, as their nomination proceeds in the Senate. If the existing law turns the Crypto overcast into an agency, their role may expand considerably.
Senate Agricultural Committee Desire On Monday, hold a meeting to consider the enrollment of Quintens before a possible floor vote. The meeting will follow a hearing organized by the committee in June, taking the first step in his nomination, Trump announced it in February.
The committee meeting will come as the Senate is expected to consider the Digital Asset Market Clarity (Clarity) Act after being passed in the House of Representatives on Thursday.
The digital asset market structure bill is expected to give more rights to CFTC, which now regulates cryptocurrency in an innings of the oversite organized by the Securities and Exchange Commission (SEC).
In addition, Quintan’s potential confirmation for the US financial regulator may fully increase the commission employees after the resignation and conditions end.
By July, only the acting CFTC chairing was serving in the Caroline Fam and Commissioner Christin Johnson Agency, but both are expected to leave in 2025, which is, except for Quintanz, a Republican, potentially as its only member. Till Friday, Trump had not announced any other nomination for the commissioner.
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Crypto market structure is still a way to join Congress
Although the House passed the clarification act with significant bilateral support, it was not clear at the time of publication whether the bill would have votes to be passed in the Senate, or what amendments would be offered for the law.
The leadership in the Senate Banking Committee said in June that he had planned to pass the bill before October.
https://www.youtube.com/watch?v=alc2u0ynfca
The impact of the final bill on CFTC and SEC and their roles in regulating digital assets should be observed. However, the form has publicly Supported The market structure and Stabecrim Bill, giving Trump most of the credit for their passage.
“CFTC is ready to fulfill our mission and oversee our markets, enabling us to economic growth and competition,” said the acting chair on Friday.
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