
October historically favors Bitcoin with notable returns. Ethereum also shows positive trends during this month. Continue Reading: October Trends Signal Opportunities for Bitcoin and Ethereum The post October Trends Signal Opportunities for Bitcoin and Ethereum appeared first on COINTURK NEWS .
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Trump Picks Brian Quintenz to Lead CFTC in Major Crypto Oversight Shift

Donald Trump has selected Brian Quintenz to lead the Commodity Futures Trading Commission (CFTC) , signaling a major shift in crypto regulation. Quintenz, formerly a CFTC commissioner from 2017 to 2021, was most recently the Head of Policy at Andreessen Horowitz’s crypto division (a16z). His appointment reflects plans to expand the CFTC’s role in overseeing digital assets. A Fox Business reporter, citing three sources, confirmed the decision. Although the White House has not made an official statement, current acting CFTC Chair Caroline D. Pham congratulated Quintenz, highlighting his past contributions. “Brian has successfully led important initiatives before, and I trust he will do the same for crypto and innovation,” Pham said. The CFTC is preparing for broader responsibilities, particularly in stablecoin regulation and market oversight. The agency will soon host discussions on stablecoins, prediction markets, and digital asset rules. Policymakers increasingly stress the need for clear and enforceable crypto regulations. One of Trump’s major proposals is shifting oversight of Bitcoin and Ethereum from the Securities and Exchange Commission (SEC) to the CFTC. These two assets account for nearly $2.2 trillion in market value, about 70% of the global crypto market. Former CFTC Chair Christopher Giancarlo, also known as “Crypto Dad,” supports this change, arguing that the CFTC is better suited to regulate them as digital commodities. He recently stated that, with proper funding and leadership, the CFTC could start regulating digital commodities immediately under Trump’s presidency. Congress is considering legislation to redefine the roles of the CFTC and SEC in crypto oversight. The bipartisan “BRIDGE Digital Assets Act,” introduced by Tennessee Congressman John Rose, suggests a collaborative approach. A 20-member advisory committee from the private sector would help shape regulations, ensuring the industry has a say in policy decisions. Despite the ambitious plan, concerns exist about the CFTC’s ability to manage these new responsibilities. With a $400 million budget and 700 employees, it is significantly smaller than the SEC, which has a $2.4 billion budget and 5,300 employees. Expanding crypto regulation would require a substantial funding increase and additional staff. Some traditional stakeholders, such as agricultural commodity traders, are wary of the CFTC’s growing focus on digital assets. Lawmakers must address these concerns to secure bipartisan support for regulatory changes. CoinTurk News

Bitcoin Approaches $98K: Is This the Start of a Bull Run or a Risky Trap?
With Bitcoin nearing $98K, is this just the beginning of a historic bull run—or a trap? Bitcoin is recovering somewhat from the tariff war’s impact, with experts optimistic about its CoinTurk News