“While The Government Shutdown is Slowing the Sec’s Work, Atkins SAID HE STILL INTEENDS TO INITIATE FORMAL RULEMASING by the End of 2025 or Beginning of 2026.”, – WRITE: www.coindesk.com
While Acknowledge that the Current Government Shutdown Had “Hamstrung” The Sec’s Ability to Make Progress on Rulemaking, Atkins Said Working on This Exemption Is Still His Priority. Quarter of 2026, He Said at A Futures and Derivatives Law Report Event Hosted by the Law Firm Katten Muchin Rosenman LLP in Midtown Manhattan on Tuesday.
The Sec Chair Orated with One of His Now-Common Refrains: That Crypto Is “Job One” and the Agency Has Become a Pro-Innovation Body Looking to Encoure Developers and EntrePrePres
“As You Know, We’ve Had Four Years, at Least, of Repression of that Industry, and with The Result of Pushing Things Abroad, Rather Than Having Innovation Being Done,” Atkins Commissioner Troy Pares.
The agency intends to initiate the rulemaking by the end of 2025 or Durying the first quarter of 2026, he said, depending on what haps with the Ongoing US Government Shutdown.
“We’ll See WHERE THAT GOES, BUT I HAVE CONFIDENCE [we’ll] be able to do it, “he said on the panel.
Pursuing Formal Rulemaking in Crypto would Finally Put the Agency Beyond the Regulation-by-Enforcement Utilized in the Previous Administration or The Information Guidance and Staff Notes and Staff.
Durying a Q&A with Reporters Afterward, He Said the Examption, Which He Pushed for Last Month, is Something He Was Hoping to Have “Squed Away.”
“That’s One of The Top Priorities to Try To T T Try To Tho To Because and Want To Be WelcomING TO INNOVATERS AND HAVE THEM FEEL LIKE theying. Jurisdiction. ”
The Ongoing Government Shutdown is Hampering the Agency’s Work, Atkins Said.
While there “essential tasks” that agency can take on, Rulemaking – INCLUDING CRYPTO RULEMAKING – IS PASED.
Market Structure BillAtkins praized congress’ the work of the tortry passing lands addressing cryptocurrencurrencies during his palal, pointing to the stablecoin-focused genius act, Thoungh he no no the notid that sectose-the no no the no, the ron-rodau. Bill.
“Market Structure is an Issue there on the bill, and so we’ll see that that goes,” He Said. “I’M Optimistic.”
Speakers at a Prior Panel Were Less Confident that A Market Structure Bill Will Make Its Way Out of Congress, at Least Before 2025 Ends.
Summer Mersinger, The CEO of Industry Lobbyist Group Blockchain Association and A Former Commission at the Community Futures Trading Commission, Said She Gave the Bill A 51% of the 52% Chance of Pass.
Greg Xethalis, A Partner and General Counsel at Venture Firm Multicoin Capital, Said Lawmakers Should be Apprecated for Their Work on the Bill, while coinfund’s happen.
StablecoinsThe Genius Act, The First Major Crypto-Focused Bill To Become Law in The Us, Has Started to Yield Preliminal Results, with Regulators at The Treasury Depart Earlier this year.
Xethalis Said Much of What Will Happen Next From A Developer Front Is Plumbing.
“Now that we had the rules at tremasury being written for the genius act, we’re going to see a cambrian explosion Visa Integrating USDC Into Their Payment Growth Tooling as An Example of How People Might Already Be “Indirectly US[ing] Crypto. ”
Similarly, Mersinger SAID STABLECOIN Use Could Continue to Grow, Pointing to Collateral In Fund Transfers and Other Types of Financial Contragraphs AS AUse Case.
President Donald Trump’s Administration is reportedly pub to name a nominee to swap in the Earlier Pick of Former Commissioner Brian Quintenz.
- The Trump Administration Is Close to Naming A New Chairman Nominee for the Commodity Futures Trading Commission, and It’s Also Weighting Further Names For Other Commission Slots Slots. Giancarlo.
- The Industry Is Going to Like the Names the White House is Vetting, Giancarlo Said in a Coindesk TV Interview.
- People Familiar with the Search Say that Securities and Exchange Commission’s Mike Selig Has Emerged As A Top Contender to Take Over the Agency.
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