This week marked a key moment for crypto regulation, with transatlantic cooperation advancing, U.S. lawmakers clashing over market structure, and regulators weighing exemptions that could reshape the digital asset industry. Here’s what you need to know.
The UK and the U.S. have announced the formation of the Transatlantic Task Force for Markets of the Future, designed to strengthen regulatory cooperation on digital assets and capital markets.
Revealed during President Donald Trump’s state visit to the UK, the initiative represents the first major step toward harmonizing rules between the world’s two largest financial hubs. The task force will focus on laying the groundwork for a unified approach to tokenization and crypto oversight.
In Washington, crypto legislation is heating up. Twelve Senate Democrats, including Kirsten Gillibrand and Cory Booker, urged Republicans to pursue bipartisan authorship of a landmark market structure bill.
The group pointed out the $4 trillion scale of the digital asset market and called for balanced representation ahead of an expected Banking Committee vote. Meanwhile, SEC Chair Paul Atkins has pressed lawmakers to fast-track the bill, with the White House reportedly setting a deadline.
Lawmakers are pressing the SEC to implement Trump’s order opening the $12.5 trillion 401(k) retirement market to alternative assets, including crypto. Committee leaders, French Hill and Maxine Waters, called for swift action and expanded access for accredited investors.
Separately, the SEC is preparing to roll out an “innovation exemption” by year-end, intended to give crypto firms breathing room to launch new products without immediate compliance hurdles. Chairman Atkins described the exemption as a platform for development that could accelerate the U.S. push to become a global crypto hub.
The crypto regulation microscope intensified as U.S. authorities probed suspicious trading activity ahead of corporate crypto treasury announcements, warning firms against selective disclosure of material information.
At the same time, the Senate Finance Committee scheduled an October 1 hearing to grill Coinbase executives and tax experts on digital asset taxation, showing an incoming crackdown.
Meanwhile, the White House is weighing new picks to lead the Commodity Futures Trading Commission. With Brian Quintenz’s confirmation stalled, former CFTC officials Josh Sterling, Jill Sommers, Kyle Hauptman, and others are reportedly under consideration.
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