Trump Agencies Set to Fill Crypto Policy Void Left by Stalled Legislation

As efforts to pass comprehensive cryptocurrency legislation in the US Congress stall, President Donald Trump's regulatory agencies are stepping in to provide clarity for the digital asset industry.

The Securities and Exchange Commission (SEC) is working on a rule that would exempt certain token offerings from securities rules, which it plans to advance in coming weeks. Meanwhile, the Commodity Futures Trading Commission (CFTC) will discuss crypto regulation at an upcoming industry gathering.

Crypto companies have invested hundreds of millions of dollars campaigning for legislation they say will provide a solid legal foundation, but time is running out before the new Congress next year.