White House Report Divides SEC And CFTC Authority Over Digital Assets
The Trump administration released its comprehensive cryptocurrency policy report on Wednesday, outlining specific roles for federal regulators. According to Cointelegraph, the President's Working Group on Digital Assets proposed dividing responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The CFTC will gain authority over spot crypto markets under the new framework. This addresses longstanding industry concerns about overlapping enforcement between agencies. The 160-page report represents the most comprehensive federal guidance on digital assets to date.
Edwin Mata, a blockchain lawyer and CEO of tokenization platform Brickken, told Cointelegraph that clear regulatory oversight will create a "mature, transparent and scalable crypto ecosystem." The policy recommendations emerged from a six-month review process established by Trump's January executive order.
Market Stability Through Regulatory Clarity
The regulatory division addresses what Bitfinex analysts called a "key hurdle stopping US crypto innovation." Clear jurisdictional boundaries should eliminate the fragmented legal interpretations that previously forced courts to resolve disputes between agencies.
Financial markets require consistent regulatory frameworks to function effectively. The new structure allows each agency to oversee instruments that align with their expertise. ABC News reported that White House officials described the document as providing detailed framework for regulators and legislators.
We previously reported that establishing Strategic Bitcoin Reserves has become a global trend, with nations recognizing crypto assets as legitimate reserve instruments. The regulatory clarity now enables US firms to participate more confidently in this emerging market structure.
Industry Transformation And Global Competition
The policy framework positions America to compete with international crypto regulations like Europe's Markets in Crypto-Assets directive. SEC Chair Paul Atkins announced "Project Crypto" to modernize securities rules for on-chain financial markets.
Traditional financial institutions can now access clearer guidance on crypto custody and trading activities. The framework specifically addresses banking relationships for crypto service providers. Federal banking regulators announced in March that banks no longer need advance permission for cryptocurrency activities.
However, some concerns remain about enforcement intensity and regulatory compliance costs. Grant Thornton analysis noted that while the SEC will be more selective in future cases, businesses must still navigate evolving compliance requirements. The division between agencies creates opportunities for forum shopping but also provides specialized expertise for different asset types.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
