SEC Chair Supports Clear Crypto Regulation

According to PANews, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated on the X platform that this week is significant for cryptocurrency as Congress is poised to advance 21st-century financial markets. Atkins expressed full support for Congress to clearly define the jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission (CFTC). He emphasized that the most crucial action for investors is to bring the crypto asset market out of regulatory ambiguity. Bipartisan market structure legislation is expected to help guard against poor regulators and ensure the realization of U.S. President Donald Trump's goal of making the United States the global cryptocurrency capital. Atkins looks forward to President Trump signing the bipartisan market structure legislation into law in the coming months. He believes that clear and principled rules based on bipartisan statutory text will foster market innovation while continuing to protect investors.