CFTC Chairman Michael Selig mentioned Congress is poised to advance crypto market construction laws. His feedback got here as Trump Media & Technology Group disclosed a $40 million Bitcoin buy. The firm added the belongings to its company steadiness sheet.
In an X publish, analytical platform Lookonchain revealed that Trump Media purchased 451 Bitcoin for about $40.3 million. The deal bumped the corporate’s complete holdings as much as 11,542 BTC, value greater than $1 billion.
The buy follows disclosures made earlier in 2025. Trump Media beforehand reported holding roughly $2 billion in Bitcoin and associated digital asset publicity. The firm has positioned Bitcoin as a core treasury asset.
CFTC Chairman Highlights Market Structure Legislation
The regulatory focus intensified following Senate affirmation of Michael Selig as the sixteenth chairman of the Commodity Futures Trading Commission. In an X post, CFTC chairman mentioned that lawmakers are “poised” to maneuver ahead with laws that can regulate digital asset markets. He mentioned increasing participation and fast-paced technological change have been main drivers,
Selig thanks President Donald Trump for naming him to chair the company. He added that the CFTC is transferring into a brand new period as know-how transforms market conduct. He additionally underscored continuity within the company amid a transition.
The CFTC chairman mentioned Congress is quickly to be sending crypto market structure bill to the president’s desk. He mentioned the trouble was wanted to carry oversight into the “modern era.” CFTC chairman mentioned regulatory buildings in place have been designed for earlier market formulations.
Legislation Seeks to Clarify Federal Crypto Oversight
The invoice would set up federal pointers for digital tokens. It additionally clarifies the division of authority between the CFTC and the Securities and Exchange Commission.
The Senate invoice is named the Responsible Financial Innovation Act. It expands on the House of Representatives’ CLARITY Act, which it authorized in July. Consideration had been suspended over the vacation break. The Senate Banking Committee is on monitor to carry a markup the crypto bill in January, with the risk of a flooring vote.
White House AI and crypto adviser David Sacks referred to as the second a crucial juncture for digital asset regulation. Leadership on the CFTC and SEC is in sync on making the foundations clearer, he mentioned. His feedback adopted renewed legislative exercise tied to the market construction proposal.
