US SEC Chairman: Supports Congress in Clarifying the Jurisdiction Between SEC and CFTC in Crypto Regulation

PANews, January 13 — Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), posted on X: "This is an important week for cryptocurrency — Congress is at the forefront of upgrading 21st-century financial markets. I fully support Congress in providing a clear definition regarding the division of jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). Currently, the most important thing we can do for investors is to bring the crypto asset market out of the regulatory gray area. Bipartisan market structure legislation will help us guard against bad regulators and ensure the realization of President Trump's goal to make the United States the world capital of cryptocurrency. I look forward to President Trump signing the bipartisan market structure legislation into law in the coming months. Clear and principled rules based on bipartisan statutory text will promote innovation in our markets while continuing to protect investors."