After years of regulatory confusion, the crypto industry might finally get some answers. SEC Chairman Paul Atkins told Fox Business on Monday that the coming week could mark a turning point, with Congress moving closer to passing legislation that clarifies which agency actually oversees what in the crypto world.
Drawing the Lines
The bipartisan market structure bill would define regulatory responsibilities between the SEC and the CFTC, ending the longtime turf battle that's left crypto companies guessing about compliance. Atkins framed this as essential not just for investor protection, but for preventing regulatory overreach and keeping innovation alive in the U.S.
He expects President Donald Trump to sign the bill this year and says he's ready to coordinate with the CFTC and other agencies to make the new framework actually work. Atkins also pointed to the recently passed GENIUS Act, which formally recognized crypto assets and provided stablecoin clarity, as proof that momentum is building.
The Stablecoin Strategy
Coin Bureau co-founder Nic Puckrin told MarketDash that the Senate's compromise on stablecoin yield shows lawmakers understand these instruments are becoming systemically important, especially as the dollar weakens. With the dollar down nearly 10% year over year and facing continued pressure, stablecoins are increasingly seen as a tool to reinforce dollar dominance during macroeconomic stress.
Puckrin noted that stablecoins will keep competing with bank deposits, forcing traditional banks to adapt rather than resist. That's good news for consumers, who benefit from better incentives.
But there's a catch. Puckrin warned that last-minute amendments and a packed legislative calendar make passage this month unlikely. More delays could continue dragging on an already sluggish crypto market.
