Regulators Step In as US Crypto Legislation Hits Roadblock
US crypto legislation has stalled in Congress, leaving regulators to fill the void. President Donald Trump's agencies are expected to write favorable rules for the digital asset industry, but efforts will be contentious and could be overturned by future administrations.
The Securities and Exchange Commission (SEC) is working on a rule to exempt certain token offerings from securities rules, which it plans to advance in coming weeks. The Commodity Futures Trading Commission (CFTC) will discuss crypto regulation at an industry gathering this week.
Crypto companies have spent hundreds of millions of dollars campaigning for legislation they say will put them on solid legal ground. However, without a lasting framework from Congress, regulations will be vulnerable to the shifting political climate and court challenges.