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SEC chair: ‘Crypto market structure bill could reach Trump’s desk for signature this year’

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Minseung Kang
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Summary

  • SEC Chair Paul Atkins said he is confident the crypto market structure bill could reach the president’s signature stage this year.
  • He said passage of the bill would create market certainty through clear legislation and rules and help make the U.S. the world’s hub for digital assets.
  • He noted that uncertainties such as the potential for a federal government shutdown could still affect the legislative timeline.
Photo=Mehaniq/Shutterstock
Photo=Mehaniq/Shutterstock

The head of the U.S. Securities and Exchange Commission (SEC) said a bipartisan bill to overhaul the market structure for digital assets (cryptocurrencies) could reach President Trump’s desk within the year, signaling that legislative talks aimed at resolving regulatory uncertainty are gaining momentum.

According to Cointelegraph, a digital-asset news outlet, SEC Chair Paul Atkins said in a recent Fox Business interview, “I’m confident the crypto market structure bill can make it to the president’s signature stage this year.” Citing the GENIUS stablecoin bill passed last year, he said it “became an important starting point for securing regulatory clarity for digital assets in the United States.”

Atkins went on to identify the crypto market structure bill currently under discussion as the next key task. “Clear legislation and rules create certainty in the market,” he said, adding that “this bill also aligns with the president’s policy direction of making the U.S. the world’s hub for digital assets.” He added, “We support this bill, and if it leads to the president’s signature this year, it will be a major boost for the digital-asset market.”

The legislative process is still ongoing. The U.S. Senate Agriculture Committee postponed its final review schedule to late January, saying further discussion and support-building are needed. The review, originally slated for this week, had been linked to the Senate Banking Committee’s timetable for considering related legislation, though the Banking Committee’s schedule is expected to proceed as planned.

However, uncertainties remain. If Congress fails to pass a government funding bill by late January, the risk of a federal government shutdown has been raised, potentially affecting the legislative timeline.

Atkins also wrote on X (formerly Twitter) that “the most important thing the current government can do for investors is to bring the digital-asset market out of the regulatory gray area,” stressing that “bipartisan market structure legislation will reduce indiscriminate regulatory risk and help make the U.S. a hub for digital assets.”

Meanwhile, the market structure bill is centered on clearly delineating the jurisdictions of the SEC and the Commodity Futures Trading Commission (CFTC). It is viewed as the first legislative attempt to establish a comprehensive supervisory framework for the U.S. digital-asset market.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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