Trump-Appointed Regulators Push Unilateral Crypto Rules Amid Stalled Legislation

Regulators at the US Department of the Treasury and the Office of the Comptroller of the Currency (OCC), led by Trump-appointed chiefs, are planning to write cryptocurrency rules on their own. The move comes as the CLARITY Act, which aimed to create a unified regulatory framework for digital assets, remains stalled in the Senate.

The lawmakers have only about 14 working days after they return from recess to pass the CLARITY Act before the October election break. This compressed timeline heightens regulatory uncertainty for crypto firms and token markets.

No specific details are available on what these rules would entail, but experts warn that unilateral rulemaking could create confusion and inconsistencies in the market.