NewsletterCFTC Should Oversee Spot Crypto Markets: Brian Quintenz
Highlights
- Brian Quintenz wants the CFTC to oversee spot crypto commodity markets, which might cause the agency to oversee more than futures and derivatives.
- The testimony of Quintenz, which is scheduled for 3 PM EST, might lead to important debates on cryptocurrency rules and how it can help investors.
- The US move to regulate spot crypto markets may set a precedent worldwide, as countries like South Korea advance stablecoin legislation, with the crypto community closely watching the outcome.
Today, a big moment is unfolding in the world of cryptocurrency as Brian Quintenz prepares to speak. He is set to appear before the Senate Agriculture Committee at 3 PM EST. Quintenz will share exciting news about the Commodity Futures Trading Commission’s (CFTC) authority in his prepared remarks.
CFTC’s Potential Leap into Spot Crypto Regulation: A Game-Changer?
Based on the update shared by Eleanor Terrett, Quintenz supports giving the CFTC new regulatory authority over spot crypto commodity markets. This could mark a turning point for the agency.
The CFTC currently oversees futures and some derivatives. Adding spot crypto markets would expand its reach. Spot markets involve buying and selling crypto like Bitcoin right away.
Quintenz believes this change could be the most important in the agency’s history. There is already much discussion in Congress about how cryptocurrency needs to be regulated in the future.
This idea might encourage lawmakers and the public to talk more about it more strongly. Crypto fans and experts are expected to pay close attention when his hearing happens today.
Since the government is looking for more efficient rules regarding cryptocurrencies, the CFTC has the power to protect those who invest and make markets fair. This could make new traders more secure from the risk of fraud, which is a big issue for them.
Meanwhile, institutional interest in crypto continues to grow, as seen with the BlackRock Ethereum ETF hitting an 11-day inflow streak. This moment comes at the right time since the crypto sector is developing rapidly and regulators are feeling the need to respond.
Global Crypto Community Awaits Senate Hearing
Reactions are already popping up. Some in the crypto world welcome the idea, hoping for stability. Others worry it might limit freedom in the market. The hearing will be a chance to hear more details.
Globally, other countries watch closely. The US move could influence how crypto is handled worldwide. For example, South Korea is advancing a bill to legalize stablecoins, even as the US faces delays with the GENIUS Act.
For now, all eyes are on Quintenz and the Senate. This afternoon’s event might have a huge influence on the future of digital money.
The CFTC’s potential role could affect crypto prices and safety. The story will surely develop after the hearing.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Market Braces for Volatility as BTC, ETH Options Expiry Collides $7.1 Trillion ‘Triple Witching’
- Terraform Labs Lawsuit: Jump Trading Faces $4B Case over Market Manipulation
- Coinbase Challenges US States Over Regulatory Restrictions on Prediction Markets
- Will Bitcoin Price Repeat 20-30% Crashes as BOJ Hikes Rates to 30-Year High?
- Breaking: U.S. Senate Delays CLARITY Act again, Crypto Market Structure Vote Slips to Early 2026
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
- Will Bitcoin Price Crash to $74K as Japan Eyes Rate Hike on December 19?
- Bitwise Predicts Solana Price Will Hit New All-Time Highs in 2026
- Bitcoin Price Outlook: Capriole Founder Warns of a Drop Below $50K by 2028
- XRP Price Rare Pattern Points to a Surge to $3 as ETFs Cross $1B Milestone
