U.S. President Donald Trump reiterated his intention to lock in the United States\' cryptocurrency market regulatory framework in law so it cannot be reversed by a future change of government or political winds. He again stressed the need for congressional legislation to make digital asset rules “future-proof.” Attention is on the CLARITY Act, which would set criteria for SEC and CFTC oversight and include procedures for firms and customer fund protections, though final passage and signing are still pending.

The U.S. Securities and Exchange Commission is reviewing how to update rules for on-chain financial markets and says it must clarify how existing regulatory frameworks apply to software applications. SEC Chair Paul Atkins said the agency should revisit definitions for exchanges, clearing agencies and brokers to fit on-chain trading systems. He also said clearer standards are needed for crypto vaults, on-chain software that can generate passive returns for users.