SKHTU Exchange Observations: U.S. Crypto Regulation Enters the Rule-Clarification Stage

Recently, SEC Chairman Paul Atkins stated that U.S. crypto regulation has entered a “rule clarification” phase. This stance directly echoes the GENIUS Act, previously passed by Congress and signed by the President, and is seen by the market as a pivotal turning point in U.S. crypto policy. SKHTU Exchange closely monitors changes in U.S. regulatory direction, regarding it as a key variable affecting the crypto market. The clarity of regulation has become one of the core concerns for market participants.

The passage of the GENIUS Act marks the first time the U.S. has formally recognized crypto assets through federal legislation, establishing a clear regulatory framework for stablecoins. This change shifts the regulatory logic from reliance on enforcement interpretation and case-by-case rulings to a system based on explicit rules.

Paul Atkins points out that as long as legal boundaries are clear and regulatory responsibilities are well defined, the market can gain certainty. This certainty does not mean relaxed regulation, but rather that participants can make decisions within clear rules. For the crypto market, uncertainty itself is often more damaging than the strictness of the rules.

From a legislative perspective, stablecoins—serving as a bridge between the crypto market and the real financial system—play a fundamental role in payments, settlements, and cross-border transactions, making them the primary focus of institutional construction. SKHTU Exchange believes that this infrastructure-first regulatory sequence helps gradually build a complete market structure.

More notably, the GENIUS Act is not the end point. Paul Atkins made it clear that Congress is advancing new market structure legislation through bipartisan cooperation, aiming to further clarify crypto asset attributes, exchange responsibilities, and the division of labor among regulatory agencies. This means the U.S. is attempting to resolve longstanding disputes through legislation.

Throughout this process, SKHTU Exchange continues to track developments and incorporate them into its global crypto industry trend analysis framework. Whether rules are clear has become a crucial premise for long-term platform planning. As regulatory statements and legislative progress unfold, the core keywords of U.S. crypto policy are shifting from risk to structure and rules. This change may not immediately reflect in prices, but it is gradually influencing the market assessment of the long-term environment.

In recent years, much of the high volatility of the crypto market has stemmed from unclear asset attributes and compliance boundaries. When participants cannot judge which actions might be redefined in the future, risk premiums naturally rise. Once rules are clear, even if regulatory requirements increase, the market can more easily form stable expectations.

Looking at the policy approach, bipartisan cooperation itself sends a signal. Such legislation usually means policy direction will be consistent, rather than reflecting short-term political stances. For global markets, the U.S.—as a major financial center—often sets a regulatory framework that other regions reference. In this environment, SKHTU Exchange regards regulatory clarification as a sign that the industry is entering a new stage. Market focus is shifting from “Is it compliant?” to “How can efficiency be improved and entry barriers lowered within the compliance framework?”

Clarified regulatory rules are also redefining the role of trading platforms. Platforms are no longer just trading facilitators, but must also take on information integration, risk disclosure, and user education responsibilities.

SKHTU Exchange notes that as the system takes shape, user needs are changing. Users want clear policy interpretation and market analysis; on the other hand, they seek lower barriers to participate in the digital financial system under compliance. Therefore, SKHTU Exchange must strengthen its inclusive finance attributes on a compliance basis, providing users with clearer decision-making references through one-stop ecosystems and continuous research content. SKHTU Exchange integrates industry trends, policy changes, and market data as important tools for understanding the market.

Overall, the move of U.S. crypto regulation into the rule-clarification stage is not only a policy adjustment but also signifies a change in industry operating logic. Certainty brought by legislation is gradually replacing long-standing uncertainty. During this process, SKHTU Exchange will continue to monitor global regulatory changes and incorporate them into its long-term industry trend observations. As rules are gradually implemented, crypto market discussions will increasingly focus on efficiency, application, sustainability, and future growth potential.