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SEC to revamp cryptocurrency policies amid Trump's pro crypto push
The SEC has sent out signals of friendlier days for cryptocurrency businesses amid President Trump's pro crypto legislation.
September 9, 2025 by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
The U.S. Securities and Exchange Commission is undertaking a major revamp and aims to reduce certain regulatory burdens.
In particular, the SEC may provide exemptions and safe harbors for the sale of digital assets, according to a Reuters report. The SEC made a joint statement with the Commodity Futures Trading Commission that registered exchanges may trade certain spot crypto assets. This refers to spot trading where individuals or companies buy and sell cryptocurrency at current market prices instead of on upward or downward trends in margin or futures trading, according to CoinDesk.
"Today's joint staff statement represents a significant step forward in bringing innovation in the crypto asset markets back to America," Paul Atkins, chairman of the SEC, said in a press release. "Market participants should have the freedom to choose where they trade spot crypto assets. The SEC is committed to working with the CFTC to ensure that our regulatory frameworks support innovation and competition in these rapidly evolving markets."
Caroline D. Pham, acting chairman of the CFTC, claimed the Biden administration sent "mixed signals about regulation and compliance in digital asset markets," but the Trump administration is embracing innovation.
"By working together, we can empower American innovation in these markets and build on President Trump's collaborative approach to making America the crypto capital of the world. Today's joint agency statement is the latest demonstration of our mutual objective of supporting growth and development in these markets, but it will not be the last," Pham said in the release.
The SEC has also announced its Crypto Task Force will hold a round table event on financial surveillance and privacy on Oct. 17 from 1 p.m. to 4 p.m. It aims to promote U.S. leadership in cryptocurrency while also preserving user's privacy.
"Technology that helps Americans protect their privacy is critically important as it enables people to choose when and with whom to share sensitive data about themselves so they can be protected from bad actors," Commissioner Hester M. Peirce said in a press release. "Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in the crypto space."
This comes on the heels of a string of pro crypto legislation, including the GENIUS Act which passed Congress establishing rules for stablecoins. There are two other proposed bills: the CLARITY Act which would establish how the CFTC and SEC manage cryptocurrency regulation and the Anti-CBDC Surveillance State Act which would prevent the Federal Reserve from making a central bank digital currency.
Some have raised concerns that Trump's pro crypto stance may cause a conflict of interest, as his family owns the World Liberty Financial company, which operates blockchain tokens, according to a report by The Daily Beast.
It isn't all good news for cryptocurrency either. Due to rising bitcoin ATM scams, several states and local governments are passing laws to regulate or even ban the machines. In early August,Illinois Governor JB Pritzker signed two bills to place more regulatory oversight on cryptocurrency and provide anti-scam guardrails on bitcoin ATMs, including daily transaction limits and refunds for victims.
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