Crypto Rules Are Changing—But Congress Still Decides The Endgame

Republican senators huddled with a White House crypto adviser Thursday in a closed-door session that participants called “very productive” — a sign that Washington’s push to rewrite the rules of digital asset oversight may be gaining real momentum.

Concerns over how stablecoin yield should be treated across the crypto and banking industries had effectively frozen progress. Based on reports from Lummis’ office, negotiations on the digital assets portion of the bill are also in good shape.

Gone, he said, is the “regulation by enforcement” approach that defined the previous administration’s posture toward digital assets.

The SEC’s move follows a memorandum of understanding signed last week between the agency and the Commodity Futures Trading Commission.

Atkins framed the interpretive notice as a necessary bridge while Congress works toward a permanent statutory framework. Administrative interpretations can be revised or reversed.

A law cannot be undone as easily. That distinction is why the Thursday meeting between senators and the White House carries weight beyond the usual Washington optics.

For an industry that spent years under threat of enforcement action, the week’s developments represent a visible change in direction from the country’s top securities regulator.

Featured image from Unsplash, chart from TradingView