Important regulatory changes for the U.S. crypto market are expected with the introduction of a bill that will clarify the roles of the SEC and CFTC.
U.S. Crypto Market Bill
The new legislative proposal aimed at bringing clarity to the crypto market regulations in the U.S. is scheduled for completion in September 2025. The bill seeks to define the regulatory roles for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
David Sacks' Role in Regulatory Framework
David Sacks, appointed as the White House's Special Advisor for Digital Assets Policy, emphasizes the importance of achieving regulatory clarity by September. In his role, he intends to drive a comprehensive crypto market bill in the U.S. Sacks has extensive experience in technology and venture capital, including at PayPal.
Impact of the Bill on the Crypto Market
Experts anticipate that the bill will significantly affect liquidity and asset flows in the crypto market. Historical examples show that regulatory clarity can enhance trading volumes and capital inflows into compliant exchanges. The passage of this legislation could lead to an increase in compliant exchanges and support innovation in the digital asset space.
The crypto market bill, expected to be completed by September 2025, reflects the need for structured regulation, which could enhance the U.S.'s competitive edge in digital assets.
