Trump Regulators Step In as US Crypto Legislation Stalls

As US crypto legislation stalls, President Donald Trump's regulators are stepping in to fill the void. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will write rules for the digital asset industry, but these may be overturned by future administrations.

The SEC is expected to advance a rule exempting certain token offerings from securities rules within weeks, while the CFTC will discuss crypto regulation at an upcoming industry gathering. Industry executives welcome these developments, but fear that without legislation, regulations will be vulnerable to changes in the political climate and court challenges.

Executives also worry about potential regulatory reversal under a future administration. The Trump administration has already rolled back dozens of SEC and consumer watchdog policies introduced by former President Joe Biden.