- Lawmakers are racing to finalise crypto market structure legislation.
- That legislation, like recent SEC guidance, is meant to clarify the legal status of cryptocurrency in the US.
- Don’t expect a bill to undo SEC guidance, which was met with universal acclaim in crypto circles this week.
When Paul Atkins, chair of the Securities and Exchange Commission, announced this week that his agency had created a “token taxonomy,” he cautioned that Congress would be needed to “future-proof” the landmark step in US crypto regulation.
After all, regulators come and go with every presidential election. Laws, however, are much harder to change.
That means forthcoming market structure legislation could rain on crypto’s parade if it were more…
