Crypto Market Structure Bill Poised For A Trump Signature, SEC Chief Says
US Securities and Exchange Commission Chair Paul Atkins is confident that a long-awaited crypto market structure bill could find its way into US President Donald Trump’s office for signature before the end of the year.I am wholly supportive of Congress providing clarity on the jurisdictional split between the SEC and the @CFTC The optimism expressed by Atkins has been welcomed by industry associations, as they see that clear guidance could lead to more institutional capital flowing into the onshore crypto trading space. On the other hand, the sentiment from many companies is that there is still a level of caution surrounding future regulations. Although regulators continue to show a level of agreement regarding overall regulation, the details of custody, custody provider(s), and oversight split between various regulatory agencies must be agreed upon by Congress before any definitive progress can be made. This back-and-forth between Congress and regulatory agencies has caused the markets to react in a pattern of quick positive movements followed by corresponding negative movements due to legislative inaction.Industry Reaction, Market Talk
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Political Timing Could Matter
The midterm and committee calendars are being watched closely. If the Senate delays key votes, support that exists now could wane or be reshaped by other priorities.
Some commentators argue that fast action would lock in regulatory clarity; others say a rushed law could leave gaps that require later fixes. The debate over speed versus detail is active in Washington.
Featured image from Gemini, chart from TradingView
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