Senators John Boozman and Cory Booker released a bipartisan discussion draft on November 11, 2025, that would transfer primary cryptocurrency oversight from the SEC to the CFTC. Most digital assets including Bitcoin and Ethereum would be classified as digital commodities under the proposal. The plan introduces new registration requirements and disclosure obligations, though lawmakers remain divided over DeFi regulations and the CFTC's capacity to regulate a trillion-dollar market.

Strive Asset Management purchased 1,567 BTC for approximately $162 million, bringing its total holdings to 7,525 BTC. The acquisition positions Strive ahead of Galaxy Digital, which holds 6,894 BTC, according to BitcoinTreasuries.net. The purchase was funded through a perpetual preferred stock IPO priced at $80 per share.

The Senate Agriculture Committee released a bipartisan draft bill granting the CFTC expanded regulatory authority over digital commodities including Bitcoin and Ether. Senate Agriculture Chair John Boozman and Sen. Cory Booker introduced the proposal after months of negotiations. The bill would require digital commodity exchanges to register with the CFTC and comply with standards covering custody, trading transparency, auditing, and cybersecurity.

XRP rose 10% over the past 24 hours as trading volumes nearly doubled following spot exchange-traded fund filings by Canary Capital and 21Shares. The Form 8(a) submissions initiate a 20-day regulatory review period before potential Nasdaq listing approval by the U.S. Securities and Exchange Commission.

Coinbase launched a token sales platform for U.S. retail investors on November 10, marking its first public offering initiative since 2018. The platform debuts with Monad, a layer-1 blockchain project conducting a sale from November 17 to 22 that distributes 7.5% of its token supply. The exchange plans to host approximately one token sale monthly, governed by an allocation algorithm that penalizes participants who sell tokens within 30 days of listing by reducing their allocations in subsequent sales.

Bitcoin's Exchange Supply Ratio on Binance has climbed to 0.0286, its highest level since September, while the cryptocurrency trades above $103,000. On-chain data show the Market Value to Realized Value ratio rose 4.35% to 1.8945, and the NVT Golden Cross surged 44.89% to -0.3245. The indicators point to strengthening network fundamentals and returning investor confidence.

BitMEX co-founder Arthur Hayes disclosed on November 7, 2025, that Zcash now represents his family office's second-largest liquid position behind Bitcoin. Hayes attributed the portfolio shift to ZEC's rapid price appreciation rather than active reallocation. By early November 9, the token traded in the mid-$600s while Bitcoin hovered around $105,000.

The U.S. Treasury and IRS issued guidance on November 10 permitting cryptocurrency exchange-traded products to stake proof-of-stake assets and distribute rewards to investors. Treasury Secretary Scott Bessent said the rules would enhance investor benefits and maintain America's leadership in digital asset technology. The safe harbor framework allows ETFs holding Ethereum and Solana to participate in staking through qualified custodians, with implementation expected by mid-2026.