Channel NewsAsia
Channel NewsAsia
AsiaPac · 41 mins ago

Analysis:Trump agencies to set crypto policy as bill stalls, limiting industry's gains

Aug 18 : As sweeping U.S. crypto legislation stalls, President Donald Trump's regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations.Deep-pocketed crypto companies have spent hundreds of millions of dollars over several years campaigning for legislation they say will put them on solid legal ground, but that effort is now stalled, with little time for lawmakers to reach a deal before the new Congress next year. That impasse has put the onus on Trump's crypto-friendly regulators, particularly the Securities and Exchange Commission and the Commodity Futures Trading Commission, to give the industry the regulatory clarity it has long argued it lacks.The SEC has been working in
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