The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are now under Republican control, following the departure of Democratic commissioner Caroline Crenshaw from the SEC. This shift leaves the agencies, which play crucial roles in crypto regulation, led by Trump appointees who are more favorable towards digital assets. SEC Chairman Paul Atkins, along with commissioners Hester Peirce and Mark Uyeda, are advancing crypto-friendly policies, while the CFTC's new chairman, Mike Selig, begins his tenure without Democratic input.
The absence of Democratic commissioners at both agencies has become a contentious issue in the U.S. Senate, where Democrats are pushing for their party's representation as part of ongoing crypto legislation discussions. Despite this, both the SEC and CFTC are moving forward with crypto policy initiatives, with the SEC prioritizing digital assets and the CFTC setting new trading policies. The agencies are prepared to implement crypto regulations independently of Congress's pending market structure bill.
Republican Control of SEC and CFTC Shifts U.S. Crypto Regulation
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