The Trump administration’s new digital asset policy report, released Thursday, July 30, calls for the Commodity Futures Trading Commission (CFTC) to have an expanded role in order to oversee crypto markets alongside other regulators, echoing proposals in the crypto market structure bill making its way through Congress.

Titled "Strengthening American Leadership in Digital Financial Technology,” the report was authored by the President’s Working Group on Digital Asset Markets, and recommends giving the CFTC authority over spot markets for non-security tokens such as Bitcoin (BTC), which is currently trading at around $118,000. For context, the CFTC typically oversees derivatives markets — not spot markets.

The report argues that the CFTC should work closely alongside the Securities and Exchange Commission (SEC) to collaborate on overseeing crypto markets, and says the U.S. needs clear, flexible rules to stay competitive. It also calls on Congress to better define the roles of the two agencies, and should let the CFTC clearly take the lead for crypto assets that are not considered securities.

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