Crypto Rulemaking on the Horizon as Regulators Move Ahead with GOP Skepticism

Democrats brace for a push by SEC Chair Paul Atkins and CFTC Chair Michael Selig to advance a slate of crypto-focused rules after the Clarity Act stalled in Congress, starting with an SEC meeting that could propose a tailored regime for certain crypto assets and an innovation exemption. Regulators argue the moves are needed to keep the U.S. as a crypto hub, but they face left-leaning backlash over industry coziness, potential court challenges if legislation isn’t enacted, and scrutiny from lawmakers wary of overreach. The effort is paired with broader market-structure changes (e.g., 24/7 trading, transfer-agent rules) and could be shaped by who controls Congress and the presidency in coming years.