Trump Regulators to Fill Crypto Policy Void as Legislation Stalls
Crypto companies have spent hundreds of millions of dollars campaigning for legislation that would provide regulatory clarity, but it's stalled. Now, President Donald Trump's regulators are set to fill the void.
The Securities and Exchange Commission (SEC) is working on a rule to exempt certain token offerings from securities rules, which will be advanced in coming weeks. The Commodity Futures Trading Commission (CFTC) will discuss crypto regulation at an industry gathering this week.
Industry experts say that while the agencies are ready to act, only Congress can create a lasting framework. Without legislation, regulations will be vulnerable to the shifting political climate and court challenges, creating lingering hazards for the crypto industry.