Washington’s Crypto Pivot: New Bill Codifies Friendly Regulatory Takeover
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In a major victory for the digital asset industry, a bipartisan group of US senators has introduced a bill to place crypto oversight under the more favorable jurisdiction of the CFTC.
The legislation, which would create a formal registration system for crypto exchanges, reflects a wider pro-crypto shift within the US government.
This follows SEC Chair Paul Atkins’ pledge to end the agency’s “enforcement-first” approach and recent Treasury guidance that paves the way for crypto staking in ETFs, suggesting a coordinated move towards a more innovation-friendly regulatory environment.
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