Trump Administration Advances Crypto Rules via Executive Action as Atkins, Selig Named to SEC and CFTC

The Trump administration is pursuing crypto regulation through executive action as the Clarity Act stalls in Congress, CoinDesk reports. Analyst Brady Dale noted that naming Paul Atkins as SEC chair could prove pivotal, as Atkins has argued the SEC already has sufficient authority to craft crypto rules without new legislation. Michael Selig's appointment to lead the CFTC is expected to keep both regulators aligned, with draft rules planned for fall 2025 and finalization set for spring 2026. The rules would mark the first specific regulatory framework for decentralized finance networks and compliant token sales.