The venture capitalist who shaped the Trump administration's crypto agenda hit his 130-day legal limit and moves to a broader advisory role. He leaves behind a stalled market structure bill, an unbuilt Bitcoin reserve, and a crypto industry asking who fills the gap.
SEC Chair Paul Atkins confirmed on April 6, 2026 that 'Regulation Crypto Assets' is at OIRA — the White House's regulatory review office — awaiting sign-off before public comment opens. The proposal creates three safe-harbor pathways, reclassifies most crypto assets as non-securities, and introduces the first structured fundraising framework for blockchain startups under U.S. federal law.
The FBI's 2025 Internet Crime Complaint Center annual report — its 25th — recorded more than one million complaints and $20.8 billion in total losses. Crypto accounted for $11 billion of that figure, the single largest category. Pig butchering, AI deepfakes, Bitcoin ATM fraud targeting the elderly, and North Korean IT workers all feature in a report that documents cybercrime's industrialization at scale.
