SEC Chair Paul Atkins Confident Crypto Bill Will Land on Trump’s Desk This Year!

• SEC Chair confident crypto bill will reach Trump’s desk soon.
• SEC’s new rules aim to boost DeFi innovation and growth.
• Senate delays crypto bill markup, awaiting further support and details.

SEC Chair Paul Atkins has expressed strong confidence that the bipartisan crypto market structure bill will reach President Donald Trump’s desk for signing this year. In a recent Fox Business interview, Atkins emphasized that the bill is crucial for providing much-needed regulatory clarity in the cryptocurrency market, a move that could solidify the U.S. as the global leader in crypto.

Atkins highlighted the bill’s alignment with President Trump’s vision to establish the U.S. as the “crypto capital of the world.” He noted that with clearer rules, the bill would provide much-needed stability, boosting confidence in the domestic crypto marketplace. The SEC remains fully behind the bill and believes it will help create a stronger legal framework for the crypto industry moving forward.

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SEC’s Efforts to Foster Innovation and Overcome Regulatory Challenges

The crypto market structure bill isn’t the only initiative the SEC is working on. According to 36Crypto in December, Atkins also revealed that the SEC is preparing to introduce innovation exemption rules for cryptocurrency firms, which could be finalized as early as next month. These new rules aim to foster innovation in the industry, particularly for decentralized finance (DeFi) platforms, by allowing firms to launch new products more swiftly within a clearer regulatory environment.

Atkins noted that these new exemption rules will complement the ongoing efforts to advance the crypto market structure bill, offering an added layer of clarity to the industry. This could speed up the development of new products, allowing crypto companies to operate with more confidence in a structured regulatory landscape.

Challenges in the Bill’s Path to Approval

While the market structure bill has garnered significant attention, it faces some obstacles before reaching President Trump’s desk. The Senate Agriculture Committee, overseeing the Commodities Futures Trading Commission (CFTC), recently postponed its final markup of the bill until the end of January to fine-tune its details and gather additional support. Despite the delay, the Senate Banking Committee, which oversees the SEC, will proceed with its planned markup.

With the potential for a government shutdown if Congress fails to pass spending bills by January 30, the bill’s timeline could be further affected. However, Atkins remains optimistic that once passed, the bill will provide the regulatory certainty needed to drive further innovation in the U.S. crypto market.

Atkins believes that this legislation will help move crypto out of the regulatory “gray zone,” offering clear guidelines that will protect investors and safeguard against rogue regulators. The crypto market structure bill, along with the innovation exemption rules, could serve as key pillars in the U.S.’s efforts to maintain leadership in the rapidly growing global crypto space.

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