**[U.S. Senators Propose Bill to Transfer Cryptocurrency Regulatory Authority from SEC to CFTC]** BlockBeats News, November 11: According to a report by DL News, Washington is redefining the regulatory framework for the $3.6 trillion digital asset industry. A bipartisan Senate proposal unveiled on Monday aims to reshape the U.S. cryptocurrency regulatory landscape by transferring regulatory authority from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill, jointly proposed by Senate Agriculture Committee Chair John Boozman and Senator Cory Booker, includes provisions to grant the CFTC the authority to define and regulate digital commodities, establish a registration system for crypto trading platforms, enforce new disclosure rules, and impose fees on certain transactions. Boozman stated: "The CFTC is the appropriate agency to regulate digital commodity spot trading. Establishing clear rules for the emerging crypto market while protecting consumers is critically important."