US senators have introduced a new bill to transfer crypto regulatory authority to the CFTC.

Odaily Planet Daily reports that U.S. Senators John Boozman and Cory Booker introduced a bipartisan bill on November 11th aimed at transferring cryptocurrency regulatory authority from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill would authorize the CFTC to define and regulate digital commodities, establish a registration system for cryptocurrency trading venues, enforce new disclosure rules, and levy fees on certain transactions.

CFTC Acting Chair Caroline Pham stated her commitment to "making the U.S. the world's cryptocurrency capital," planning to promote spot crypto trading by the end of the year and release stablecoin guidelines in early 2026. This move is part of a shift in the U.S. government's attitude towards the $3.6 trillion digital asset industry, following SEC Chairman Paul Atkins' declaration that "the crypto era has arrived" and the launch of the deregulation "Crypto Project." (Dlnews)