Digital Assets: What To Expect From The Incoming Administration And Congress

The Trump Administration and the new Republican-led Congress are expected to create a friendlier governmental approach to crypto assets. Among other things, key nominees to serve as senior administration officials are known to favor a friendlier approach, including Paul Atkins, who has been tapped to become Chairman of the Securities & Exchange Commission. In Congress, a crypto advocate is set to become the next chair of the House Financial Services Committee, and House Majority Leader Steve Scalise reportedly intends to prioritize crypto legislation in the first 100 days of the new Congress.

What does this all mean? Let's look at the SEC first, then Congress.

The SEC

The SEC has some latitude to facilitate public offerings and trading of digital assets, particularly if it adopts rules specifically tailored to such assets. One could imagine, for example, special rules for registering token offerings, or special rules for the regulation of trading markets for