Isaac Boltansky, head of policy research at BTIG, said that the US Securities and Exchange Commission (SEC) is about to undergo personnel changes. If approved by the Senate, Paul Atkins will replace Gary Gensler for a five-year term. However, Isaac Boltansky warned that despite the personnel changes at the SEC, there will still be "jurisdictional disputes" in the future. He pointed out that the agency and the US Commodity Futures Trading Commission sometimes have disputes over cryptocurrency regulation because "there are too many cooks in the kitchen and they cannot agree on what they are doing." In addition, the key issue of whether cryptocurrency should be classified as securities is still being tried in court, beyond the jurisdiction of US federal regulators. The next Congress will lead with a slight Republican advantage and may at least make clearer regulations on stablecoins.
