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SEC Chair Paul Atkins says the long-running clash between U.S. regulators and the crypto industry is entering a new phase, moving away from the enforcement-heavy approach seen under former Chair Gary Gensler. Since taking over in April 2025, Atkins has pushed for a more crypto-friendly direction after years of SEC lawsuits and regulatory pressure on digital asset firms.
He now says the agency is no longer “at odds with technology and innovation” and is working alongside President Donald Trump’s administration and Congress to create clearer rules for crypto and blockchain companies operating in the U.S.
Trump Wants America to Lead Crypto
Trump has continued promoting his goal of making the United States the “crypto capital of the world.” He has repeatedly criticized earlier policies for driving blockchain innovation and investment overseas rather than supporting growth in the U.S.
According to journalist Eleanor Terrett, Trump recently said his administration is building a “future-proof” crypto market structure that future anti-crypto lawmakers cannot easily undo. The comments marked his first public remarks on crypto market structure since March.
Senator Cynthia Lummis also supported the administration’s direction, saying previous governments “senselessly punished” the crypto industry while Trump’s policies are helping the sector grow.
“Where other admins have senselessly punished the digital asset industry, Pres. Trump has promoted policies that embrace this industry & help it thrive.” She said.
Political Drama Could Slow Everything Down
Despite growing support from the crypto industry, TD Cowen warned that political tensions in Washington could slow the bill’s progress.
TD COWEN SAYS CRYPTO CLARITY ACT IS UNLIKELY TO PASS THIS YEAR AS POLITICAL ENVIRONMENT CONTINUES TO WORSEN
— The Wolf Of All Streets (@scottmelker) May 27, 2026
He said Democrats are becoming more hesitant, Republicans face increasing political pressure, and controversies tied to Trump’s crypto connections are turning regulation into a political battleground.
TD Cowen also warned that delays could push final implementation to 2029 if lawmakers postpone action until after future election cycles.