The SEC and CFTC Say They Will Write Crypto Rules Without Congress. What Atkins and Selig Can Actually Do for XRP and Bitcoin. - finance.yahoo.com

U.S. securities and futures regulators have signaled they may pursue crypto rulemaking through their own agencies rather than waiting on Congress. The report links this approach to SEC Chair Paul Atkins and CFTC Chair Brian Selig, suggesting both commissions could use existing statutory authority to shape how digital assets are supervised.

For market participants, the significance lies in process rather than any single outcome. Agency-led rulemaking can move faster than legislation, but it is also subject to public comment periods, legal challenges, and reversal by future leadership. How the two agencies divide jurisdiction over assets such as XRP and Bitcoin — and whether they treat them as securities, commodities, or something else — remains a central question.

What to watch: formal proposals, requests for comment, and any joint statements clarifying which agency oversees which activities. For now, this is a signal about regulatory direction, not a final rule, and no timeline or specific treatment of XRP or Bitcoin is confirmed.