The Senate Agriculture Committee has introduced updated legislation aimed at restructuring the crypto market, granting the Commodity Futures Trading Commission (CFTC) expanded authority to regulate digital commodities. This move is part of a broader effort to establish clearer regulatory frameworks for the rapidly evolving digital asset sector. In other developments, Cathie Wood's Ark Invest forecasts that digital assets could reach a market value of $28 trillion by 2030, with Bitcoin potentially accounting for $16 trillion of this total. Meanwhile, Ripple anticipates that 2026 will mark a significant shift towards mainstream institutional adoption of cryptocurrencies, driven by advancements in stablecoins, tokenization, custody solutions, and artificial intelligence.
Senate Proposes New Crypto Legislation Enhancing CFTC Authority
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