Before Congress passes the market structure bill, the SEC’s stance on passing the crypto bill would be critical. What the SEC thinks about declaring all coins as securities matter to the community.
What are the investors hoping for?
Currently, the investors are hoping that the SEC, under the leadership of Paul Atkins, will take a stable step to favor BTC trade. The market hopes that Atkins will impose less restrictive guidance in terms of legislation setting.
However, there is something that you must note. Under Biden, the regulatory clarity was critical. However, Trump is maintaining a flexible policy. The SEC has diluted a lot of strict steps that were taken during the Biden rule.
A 180 Released by the SEC
Recently, the SEC has taken a remarkable stance. According to the council, stablecoins and meme coins are not securities. They are merely tokens inspired by memes, personalities, and so on.
The SEC hasn’t however, declared which assets can be flagged as securities. Atkins has always been known for his light-touch regulations. Once he becomes the chairperson, the crypto tribe feels that trading would be easier for sure.
At the same time the SEC will be launching a slow regulation policy. As Gary Gensler is gone, the steadfast regulations won’t be needed anymore.
The SEC’s stance regarding the SEC vs. Ripple case made this fact clear.
The Lost Case
Some people are however saying that crypto enthusiasts should not get hyped up so soon. The Congress is eager to act before the SEC.
In the meantime, the Agriculture Committee and the Senate Banking Committee have passed their market structure bills. Yet, the broader crypto tribe feels that the stablecoin bills would be passed before the congress bill appears.
