SEC Chief Expects Crypto Bill to Reach Trump by Year’s End

US SEC Chair Paul Atkins expressed confidence that a proposed crypto market structure bill might reach President Trump's desk by year-end. This legislation aims to provide clarity on rules for digital asset trading, benefiting investors and platforms.

Key Points

  • Atkins advocates for tokenization and faster settlement systems in US markets.
  • The bill aligns with the administration's goal to enhance US competitiveness in crypto.
  • Congress is considering providing clarity on the jurisdictional split between the SEC and CFTC.

Legislative Process and Challenges

  • Financial analysts estimate a 50-60% chance of the bill passing in 2026; delays could extend this to 2027.
  • The bill aims to define federal agency oversight and establish trading standards.
  • Committee markups will shape the final text before a Senate vote.

Industry and Market Reactions

  • Industry associations welcome the potential for clear guidance, expecting more institutional capital inflow.
  • There is caution due to unresolved details regarding custody and regulatory agency roles.
  • Market reactions fluctuate with legislative progress, reflecting optimism and caution.

Political Considerations

  • Midterm and committee calendars are crucial; delays could alter current support.
  • The debate continues on whether swift action ensures regulatory clarity or risks creating gaps needing future fixes.