Bitcoin News Today: Senate Bill Reclassifies Bitcoin, Shifting Crypto Oversight to CFTC

Binance's decision to delist several spot trading pairs, including C/BNB and C/FDUSD, has sparked renewed debate about the evolving regulatory landscape for cryptocurrencies and the strategic moves by major players in the digital asset space. While the exchange has not disclosed the full rationale behind the delisting, analysts suggest it aligns with broader trends of increased scrutiny and market consolidation, according to a MarketBeat earnings call. Meanwhile, other developments in the crypto and financial sectors highlight the sector's volatility and the growing influence of institutional players.

The U.S. Senate Agriculture Committee has taken a significant step toward clarifying crypto regulations with a draft bill that classifies Bitcoin and Ether as "digital commodities," placing them under the jurisdiction of the Commodity Futures Trading Commission (CFTC). This move challenges the Securities and Exchange Commission's (SEC) traditional dominance over crypto oversight and aims to create a more structured framework for financial institutions to engage with digital assets, as reported by Cryptopolitan. The bill also mandates that crypto exchanges separate their operations into distinct segments-such as custody, trading, and brokerage-to prevent conflicts of interest. By granting the CFTC authority to levy fees on registered entities, the proposal seeks to self-fund regulatory efforts and reduce congressional dependency for oversight resources, as detailed in the same Cryptopolitan report.

Institutional adoption of Bitcoin continues to accelerate, with high-profile figures like Donald Trump and his family expanding their crypto holdings. American Bitcoin, a mining and treasury firm backed by Trump and his son Eric, has increased its Bitcoin stash to 4,000 BTC, valued at approximately $415 million, according to a TradingView article. This accumulation places the firm among the top 25 corporate Bitcoin holders, trailing far behind Michael Saylor's MicroStrategy, which holds over 641,000 BTC. The Trump-linked ventures have reportedly generated over $1 billion in pre-tax gains from crypto projects, including memecoins like TRUMP and MELANIA, as described in the same TradingView article. Such moves underscore the growing legitimacy of Bitcoin as a corporate asset and highlight the intersection of politics and digital finance.

The crypto sector's expansion is also evident in the fundraising efforts of emerging projects like Mutuum Finance. The Dubai-based decentralized finance (DeFi) platform has raised over $18 million ahead of its Q4 2025 Sepolia V1 launch, signaling strong investor confidence in its structured presale model, according to a GlobeNewswire press release. With 45.5% of its 4 billion MUTM token supply allocated to presale, the project aims to build a transparent lending and borrowing protocol powered by smart contracts. Early participants have seen a 250% increase in token value, from $0.01 to $0.035, as the presale progresses through six phases, as detailed in the same GlobeNewswire press release. This growth reflects the sector's resilience despite macroeconomic headwinds and regulatory uncertainties.

The interplay between regulatory clarity, institutional adoption, and market dynamics is reshaping the crypto landscape. As the Senate's draft bill moves toward finalization, stakeholders will closely watch how it balances innovation with investor protection. In the meantime, projects like American Bitcoin and Mutuum Finance, along with the strategic maneuvers of firms like C3.ai, illustrate the sector's capacity for both disruption and adaptation.