Senate Banking confirms talks with SEC Chair Atkins on a crypto market structure bill to define federal digital asset rules.
The U.S. Senate Banking Committee confirmed that it is coordinating with SEC Chair Paul Atkins on drafting a crypto market structure bill.
Lawmakers said discussions are focused on creating clearer regulatory rules for digital assets.
The effort comes as policymakers seek to position the United States as a leading jurisdiction for cryptocurrency innovation and oversight.
Committee Confirms Coordination With SEC Leadership
Members of the Senate Banking Committee stated that they are working directly with SEC Chair Paul Atkins on legislative language.
The coordination aims to define oversight responsibilities across federal agencies. Lawmakers said regulatory clarity is a key priority for digital asset markets.
Officials noted that discussions include how securities laws apply to cryptocurrencies and token issuers.
The committee is also reviewing the role of exchanges and custodians. These talks are part of broader efforts to establish a structured federal framework.
A committee spokesperson said the goal is to ensure that legislation aligns with existing financial regulations.
Lawmakers are also considering input from industry participants and consumer advocates. Further details are expected as drafting progresses.
Focus on Market Structure and Regulatory Clarity
Lawmakers expect the proposed crypto market structure bill to outline how federal law classifies digital assets.
Lawmakers are reviewing whether certain tokens should be regulated as securities or commodities.
The legislation may also clarify the respective roles of the SEC and the Commodity Futures Trading Commission in overseeing crypto markets.
Committee members said the bill aims to establish clear regulatory standards for digital assets and reduce uncertainty.
Lawmakers added that coordination with the CFTC through Project Crypto will help define regulatory obligations for investors and innovators, while also incorporating consumer protection measures.
Chair Atkins has previously stated that regulatory clarity is essential for market stability. In earlier remarks, he said, “Clear and consistent rules help markets function efficiently.”
Lawmakers echoed that view during committee discussions and noted that structured oversight can support both compliance and market development.
Related Reading: US Senate Banking Chair Prioritizes Crypto Regulation Efforts
Policy Goals and Global Competitiveness
Lawmakers have framed the initiative within broader economic strategy discussions.
Some members stated that regulatory clarity could support innovation within U.S. borders. The phrase “Make America the global crypto capital” has been cited in policy conversations.
Officials indicated that the legislation seeks to balance oversight with market development.
They acknowledged risks linked to fraud and volatility in digital asset markets. At the same time, they noted growing institutional and retail participation.
Lawmakers are still drafting the bill and have not formally introduced it yet.
Additional hearings and revisions are expected before a final vote. The Senate Banking Committee said it will continue consultations with regulators as the process moves forward.
Source: https://www.livebitcoinnews.com/senate-banking-confirms-crypto-bill-talks-with-sec-chair-atkins/
