Trump Administration Plans Major Crypto Regulatory Shift to Empower CFTC

Trump Administration to Shift Crypto Regulation

The Trump administration is reportedly considering a significant shift in cryptocurrency regulation by granting the Commodity Futures Trading Commission (CFTC) authority over Bitcoin and Ethereum spot markets. According to Benzinga, this move aims to reduce the Securities and Exchange Commission's (SEC) influence under Gary Gensler’s leadership, potentially fostering innovation within the crypto industry. This change could place a $2.24 trillion market largely under CFTC jurisdiction, marking a pivotal moment for digital asset oversight.

BuilderNet Tackles Ethereum Centralization Issues

Aiming to address centralization concerns on the Ethereum network, Flashbots has launched BuilderNet—a decentralized block-building platform designed to combat censorship issues that have plagued recent transactions. As reported by TradingView via Cointelegraph, BuilderNet allows multiple parties to collaborate on block creation, reducing reliance on dominant builders like Beaverbuild and Titan Builder who currently handle 88% of blocks. The initiative promises enhanced decentralization through its multi-operator system while redistributing Maximal Extractable Value back to users.

Bitwise Proposes Dual Cryptocurrency ETF

In an effort to provide balanced exposure between major cryptocurrencies, Bitwise Asset Management has proposed a new exchange-traded fund (ETF) tied directly with both Bitcoin and Ethereum assets. As detailed by crypto.news, this proposal follows their successful launch of Bitcoin ETFs earlier this year which saw substantial inflows reaching billions of dollars. By combining these two leading cryptos into one investment vehicle listed on NYSE Arca, Bitwise seeks broader investor access amidst growing interest in diversified crypto portfolios.

Ethereum Set for Potential Rally Amid Market Dynamics

Ethereal price movements suggest potential bullish trends as heightened buying pressure pushes ETH beyond critical resistance levels around $3,400 according to FXStreet analysis reports. With investors possibly shifting focus from Bitcoin due partly to declining dominance figures, ETH might experience further gains if it sustains momentum above key thresholds identified at $4,000+. Analysts note parallels with previous bull cycles where similar patterns preceded notable surges across altcoin landscapes during early quarters of each fiscal cycle period, thus indicating a continued upward trajectory likely forthcoming, as suggested by currently available data points. Analysts share insights based on prevailing circumstances and developments in the market.

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