Trump Signals Crypto Bill to Give CFTC Control Over Bitcoin and Ethereum Markets

TheNewsCryptoPublished on 2026-02-17Last updated on 2026-02-17

Abstract

President Trump has indicated that a major cryptocurrency bill, S.3755/H.R.3633, is nearing approval. The legislation aims to provide regulatory clarity by dividing oversight between the SEC and CFTC. The SEC would regulate crypto assets deemed securities, while the CFTC would take primary control over markets for Bitcoin and Ethereum. Crypto exchanges would have 180 days to register under the new framework once it becomes law. The bill has passed the House, but the Senate must still reconcile and approve its version before a White House deadline of February 28. If passed, it would require the SEC and CFTC to create detailed rules within 18 months. Supporters believe it will bring stability and encourage institutional investment, though it has faced some criticism from industry participants. This represents one of the most significant U.S. regulatory changes for crypto to date.

The United States is moving closer to finalizing the cryptocurrency regulations, as President Donald Trump signals that the crypto bill could pass soon. The proposed legislation, known as S.3755/H.R.3633, aims to clearly define how digital assets are regulated, and lawmakers say that this could provide the long-needed clarity for the crypto exchanges and investors.

Key Feature of this Bill

The goal of this bill is to separate the regulatory authorities into two agencies. The Securities and Exchange Commission (SEC) would regulate crypto assets classified as securities, and the Commodity Futures Trading Commission (CFTC) would regulate digital assets such as Bitcoin and Ethereum. Under the proposal, the CFTC would take primary control over the NYC and ETH markets. The crypto exchanges and brokers have been given a 180-day period to register with the new framework once the bill becomes law.

The crypto bill is already approved by the United States House of Representatives, but the United States Senate still needs to approve it. One Senate committee already passed its version with a very close vote of 12-11. Another Senate committee still needs to fix the difference between the bill versions. Lawmakers are rushing to finish everything before the February 28 deadline set by the White House.

If approved, the bill would require the SEC and SFTC to work together within 18 months to create detailed rules, such as mixed digital asset transactions and margin trading structures. Some industry participants, such as Coinbase, have criticized the earlier version of the bill. Supporters believe that the legislation will bring stability and encourage institutional participation.

If this bill is passed, then it would represent one of the most significant regulatory changes in the U.S., which clearly defines who regulates the crypto assets and provides registration guidelines for the exchanges. It also creates the formal framework for stablecoins. However, the final approval depends on whether the Senate can reconcile its draft and meet the deadline.

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Related Questions

QWhat is the main purpose of the crypto bill S.3755/H.R.3633 as mentioned in the article?

AThe main purpose of the bill is to clearly define how digital assets are regulated by separating regulatory authority between the SEC for crypto assets classified as securities and the CFTC for digital assets like Bitcoin and Ethereum, providing long-needed clarity for crypto exchanges and investors.

QWhich two regulatory agencies are assigned specific roles under the proposed cryptocurrency legislation?

AThe Securities and Exchange Commission (SEC) is assigned to oversee crypto assets classified as securities, and the Commodity Futures Trading Commission (CFTC) is given primary control over markets for digital assets such as Bitcoin and Ethereum.

QWhat is the current status of the crypto bill in the U.S. legislative process?

AThe bill has been approved by the U.S. House of Representatives. In the Senate, one committee passed its version with a close 12-11 vote, but another committee still needs to reconcile differences between bill versions before the February 28 deadline set by the White House.

QWhat are the requirements for crypto exchanges and brokers once the bill becomes law?

ACrypto exchanges and brokers are given a 180-day period to register with the new regulatory framework once the bill becomes law.

QWhat specific task must the SEC and CFTC complete within 18 months if the bill is approved?

AIf the bill is approved, the SEC and CFTC must work together within 18 months to create detailed rules for areas such as mixed digital asset transactions and margin trading structures.

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