Senate Democrats push for power struggle for Commodity Futures Trading Committee, Trump's family's cryptocurrency relations become the focus

More than a dozen Senate Democrats have proposed a cryptocurrency regulatory framework that gives the U.S. Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over non-securities cryptocurrency markets, directly challenging the Trump family’s digital asset relationship. The plan includes banning officials and their families from profiting from cryptocurrencies, and Trump's $1.46 billion stake in American Bitcoin Corp. and volatile assets such as WLFI tokens are under scrutiny, which fell 31% after its listing. The plan remains difficult to gain bipartisan support as the Republican Party is pushing for separate legislation.