Senate Panel Drafts CFTC Control of Crypto Spot on Jan 21, 2026; Hearing Jan 27
On January 21, 2026, the Senate Agriculture Committee unveiled a discussion draft of the Digital Commodity Exchange Act to grant the CFTC exclusive oversight of U.S. spot cryptocurrency markets. A hearing is set for January 27, 2026. The proposal could affect assets such as Bitcoin and Ethereum by defining a clearer framework for exchanges and brokers.