SEC Chair Expects Crypto Market Structure Bill to Reach Trump
- US SEC Chair Paul Atkins is optimistic about a crypto market structure bill reaching President Donald Trump by year-end.
- Atkins, confirmed by the Senate in April with a vote of 52-44, emphasizes tokenization and faster settlement systems for US markets.
- The bill aims to clarify jurisdictional responsibilities between the SEC and CFTC regarding digital asset regulation.
- Financial analysts estimate a passage probability of approximately 50-60% in Congress for the bill in the upcoming year.
- Ongoing negotiations focus on defining federal oversight over digital instruments and setting standards for token trading venues.
Paul Atkins expresses confidence that a new crypto market structure law will provide essential guidance to investors and platforms, aligning with efforts to boost US competitiveness in crypto. This regulatory clarity could attract more institutional capital into the domestic crypto trading space.
Despite optimism, analysts warn that political dynamics might delay final rule implementations until after Congress’s current session, potentially extending into future years. (Source)
