SEC Chair: Can Enact Blockchain Rules Without Congress
SEC Chair stated that the commission has the authority to issue blockchain-related rules without waiting for new legislation from Congress. At a speech on August 15, the chair emphasized that existing statutes empower the SEC to act directly on digital asset oversight. The move aims to speed up regulatory clarity for crypto markets and reduce delays caused by legislative gridlock. For traders, this could mean faster rulemaking on token registration, trading platforms and compliance standards. While clearing uncertainty, the approach may also introduce stricter regulations. Overall, the announcement signals a proactive SEC stance on blockchain regulation and highlights potential shifts in enforcement and compliance for US-based digital asset firms.
Neutral
The announcement is likely to have a neutral impact on the crypto market. By clarifying that the SEC can bypass Congress to set blockchain rules, regulatory uncertainty is reduced, which is generally positive for market confidence. However, a faster rulemaking process may also bring stricter requirements on token listings, exchanges and compliance. In the short term, traders may see volatility as markets react to policy shifts. In the long term, clearer regulations tend to support sustainable growth by establishing defined rules of engagement. Similar moves such as the SEC’s guidance on ETFs and custody practices provided clarity without dramatically altering market trajectories, suggesting a balanced outcome for digital asset trading activities.