Key points:
- SEC plans new rules for crypto issuance, custody, and trading to replace outdated frameworks.
- Broker-dealers with ATS may soon trade non-securities like Bitcoin and Ethereum, potentially boosting U.S.-based crypto liquidity.
- Reforms could attract institutional capital and position the U.S. as a compliant yet competitive global crypto hub.
The U.S. Securities and Exchange Commission (SEC) plans to introduce new rules for crypto tokens. It also aims to overhaul outdated frameworks. The move could unlock greater liquidity and bring clarity to U.S.-based digital asset markets.
In his first public remarks since taking office, SEC Chair Paul Atkins shared his vision for a “rational regulatory framework” for crypto. Speaking at the SEC’s Crypto Task Force roundtable, he said the agency will draft clearer rules around the issuance, custody, and trading of crypto assets, especially those that may qualify as securities.
Atkins, sworn in last month, said his top priority is to build a strong foundation for digital assets. He also emphasized keeping politics out of securities law.
One of the biggest proposals includes allowing broker-dealers with Alternative Trading Systems (ATS) to trade non-securities like Bitcoin (BTC) and Ethereum (ETH). This could bridge traditional finance with crypto and improve liquidity on U.S. platforms.
The SEC also plans to review exemptions and safe harbors for token issuers. It will revisit custodial rules to support modern self-custody solutions.
For investors, these steps signal a more crypto-friendly U.S. regulatory environment. It could drive more innovation, attract institutional capital, and support compliant trading venues.
Traders should watch how quickly the SEC moves from broad statements to actual rules. Key issues include token classification and ATS trading permissions.
If executed well, these reforms may reduce legal uncertainty and support broader crypto participation. The U.S. could be on track to become a global liquidity hub for digital assets.
