A bipartisan legislative push is underway in Washington that could reshape how digital assets are regulated in America. Two senators from opposite sides of the aisle have introduced a bill proposing to transfer primary cryptocurrency oversight responsibilities from the SEC to the CFTC.

This regulatory realignment has been a persistent ask from the crypto industry. Many players argue the CFTC's commodities-focused framework fits digital assets better than the SEC's securities-oriented approach. If passed, the shift could fundamentally alter compliance requirements and enforcement priorities across the sector.

The bipartisan nature of the proposal signals growing legislative momentum behind clearer crypto rules—something market participants have been demanding for years.

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