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

U.S. financial regulators are signaling they may advance crypto rulemaking through agency action rather than waiting on Congress. According to Yahoo Finance, the SEC and CFTC have indicated they intend to write crypto rules using their existing authorities, with the report framing the question around what SEC Chair Paul Atkins and CFTC Chair Brian Selig can realistically accomplish for assets like XRP and Bitcoin.

The significance lies in the source of the rules. Agency-level guidance, interpretive releases, and enforcement priorities can move faster than legislation, but they are also more exposed to legal challenge and can shift with new leadership. That distinction matters for market participants trying to gauge how durable any clarity will be.

What to watch: the specific form these actions take—formal rulemaking, staff guidance, or case-by-case positions—and whether they address classification questions that have driven uncertainty around tokens such as XRP. For Bitcoin, the focus is more likely to be market structure and oversight boundaries. Concrete, published proposals would carry more weight than public statements alone.