Paul Atkins's remarks and expectations for pension fund investments in cryptocurrencies on CNBC's "Squawk Box" on January 29, 2026.
1. Progress on the Digital Asset Market Structure Bill
Atkins emphasized that Congress is close to passing the bill, but did not provide a specific timeline or guarantee that it will soon become law. He stated that Congress has never been closer to getting bipartisan market structure legislation to President Trump's desk. This reflects an optimistic but cautious attitude; the bill aims to provide a federal framework for the crypto market.
Responding to the host's question about whether it could pass before the end of the year, he said, "We'll see. We're working with Congress to provide technical assistance, ensuring the legislation is reasonable and aligned with other laws. But I can't predict."
This also indicates that the SEC is providing support, but ultimately it depends on congressional negotiations. He mentioned that the bill is getting closer to Trump's desk as legislation progresses, emphasizing that the SEC and CFTC are ready to implement it after passage, but did not suggest "soon."
2. SEC-CFTC Collaboration and Project Crypto
Atkins and CFTC Chairman Mike Selig jointly emphasized the collaboration between the two agencies to fulfill the Trump administration's promise to "make America the crypto capital." Regarding Project Crypto, he described it as "one of the most ambitious initiatives of our generation."
3. On Crypto Asset Regulatory Framework and Innovation
Atkins pointed out that even without legislation, the SEC has sufficient authority to push forward. He mentioned plans to introduce innovation exemptions, hoping for a rollout in about a month. This aims to embrace innovation and avoid past resistance to crypto.
He also stressed that rules should be appropriate for their purpose. He also mentioned that the SEC has previously provided more clarity, such as statements on memes, stablecoins, mining, and staking, as well as guidance for brokers and investment managers.
4. Regarding Cryptocurrency Investments in Retirement Plans (e.g., 401(k))
Atkins stated that it's time to discuss allowing crypto into retirement plans. He pointed out that many Americans are already indirectly exposed to crypto assets and emphasized the need to invest in crypto through regulated products such as 401(k) managed by professional asset managers, but with "guardrails" to protect investors. This could become a reality if the Clarity Act (possibly part of the Market Structure Act) passes.
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