Trump's crypto regulators are moving to fill the void left by a stalled bill
The SEC is expected to advance a rule exempting certain token offerings from securities laws in coming weeks, while the CFTC plans to discuss crypto regulation at an industry gathering this week
As sweeping U.S. crypto legislation fails to pass, President Donald Trump's regulatory agencies are poised to create policy, though the process is contentious and could be reversed by future administrations. Although cryptocurrency firms have spent millions on campaigns advocating for favorable legislation, the effort is now delayed, with limited time for lawmakers to reach a deal before the new Congress in 2025.
This impasse places the responsibility on Trump's pro-crypto regulators, especially the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), to provide necessary regulatory clarity. The SEC is expected to advance a rule exempting certain token offerings from securities rules, while the CFTC will discuss regulation at an industry gathering.
Nevertheless, only Congress can establish a permanent framework, and industry experts emphasize that regulations could be vulnerable to political changes and court disputes.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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