Trump's second administration to give CFTC more power to regulate crypto assets, cut SEC's

The next administration of Donald Trump is expected to expand the powers of the Commodity Futures Trading Commission (CFTC) and relatively reduce the powers of the Securities and Exchange Commission (SEC).
On the 26th (local time), Ubu Blockchain reported that the Trump administration plans to expand the CFTC's authority to regulate the cryptocurrency market.
Such a move would reduce the SEC's jurisdiction over certain aspects of the virtual asset industry, and would oversee bitcoin and ethereum and other digital assets that are classified as commodities, as well as the spot market.
This is interpreted as strengthening the CFTC's authority to make such decisions.