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According to ChainCatcher, citing Dlnews, U.S. Senators John Boozman and Cory Booker have introduced a bipartisan bill aimed at transferring cryptocurrency regulatory authority from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). The bill would authorize the CFTC to define and regulate digital commodities, establish a registration system for crypto trading venues, enforce new disclosure rules, and impose fees on certain transactions. CFTC Acting Chair Caroline Pham stated that she is committed to "making the United States the world's crypto capital," with plans to advance spot crypto trading by the end of the year and issue stablecoin guidelines in early 2026. This move is part of a shift in the U.S. government's stance toward the $3.6 trillion digital asset industry. SEC Chair Paul Atkins has already announced that "the crypto era has arrived" and has launched a deregulation "crypto initiative."

ChainCatcher reported that Wintermute released a crypto market brief, stating that market sentiment has warmed up and risk appetite has rebounded. Bitcoin (BTC) is still fluctuating within the $105,000–$107,000 range and remains resilient, but to drive a broader altcoin rally, BTC may need to approach its historical highs. In the short term, US regulatory and political news will become new drivers of volatility. The market tone this week has significantly improved compared to last month. As the October sell-off has settled, investors are repositioning into selective risk assets. Trump's proposal of a "$2,000 tariff rebate" briefly boosted risk sentiment, while the easing of the US government shutdown and weaker macro data also provided support for the market. However, capital inflows remain limited, and crypto assets are still the weakest performing asset class. By sector, DePIN, L2, AI, and DeFi sectors led the gains, but the overall market breadth remains narrow, with a few strong coins accounting for most of the gains. Funds are still concentrated in major coins, and the pursuit of altcoins lacks sustainability. Overall, the market structure is improving and sentiment is clearly recovering. Crypto assets may be in a transitional phase from bottoming out to moving upward. If BTC can break through its previous highs first, capital is expected to spread again, driving a broader altcoin rebound.