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    <RIN_INFO>
        <RIN>3235-AN49</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>202510</PUBLICATION_ID>
            <PUBLICATION_TITLE>The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>3235</CODE>
            <NAME>Securities and Exchange Commission</NAME>
            <ACRONYM>SEC</ACRONYM>
        </AGENCY>
        <RULE_TITLE>Crypto Market Structure Amendments</RULE_TITLE>
        <ABSTRACT><![CDATA[<!DOCTYPE html>
<html>
<head>
</head>
<body>
<p>The Division is considering recommending that the Commission amend Exchange Act Rules to account for the trading of crypto assets on ATSs and national securities exchanges.</p>
</body>
</html>]]></ABSTRACT>
        <PRIORITY_CATEGORY>Economically Significant</PRIORITY_CATEGORY>
        <RIN_STATUS>Previously Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Proposed Rule Stage</RULE_STAGE>
        <MAJOR>Undetermined</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <EO_13771_DESIGNATION>Other</EO_13771_DESIGNATION>
        <CFR_LIST>
            <CFR>Not Yet Determined</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>15 U.S.C 78(c)(b)</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78e</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78b</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78f</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78k-1</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78o</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78q(a)</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78q(b)</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78s</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78w</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>15 U.S.C.78mm</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>Yes</RPLAN_ENTRY>
        <RPLAN_INFO>
            <STMT_OF_NEED><![CDATA[<!DOCTYPE html>
<html>
<head>
</head>
<body>
<p>This proposal is necessary to help clarify the regulatory framework for crypto assets and provide greater certainty to the market, and in particular, providing clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.</p>
</body>
</html>]]></STMT_OF_NEED>
            <COSTS_AND_BENEFITS><![CDATA[<!DOCTYPE html>
<html>
<head>
</head>
<body>
<p>The Commission will evaluate the anticipated costs and benefits and other economic effects as it develops the proposed rule.</p>
</body>
</html>]]></COSTS_AND_BENEFITS>
        </RPLAN_INFO>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>NPRM</TTBL_ACTION>
                <TTBL_DATE>07/00/2026</TTBL_DATE>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>Undetermined</RFA_REQUIRED>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>Undetermined</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Tyler</FIRST_NAME>
                <LAST_NAME>Raimo</LAST_NAME>
                <TITLE>Division of Trading and Markets</TITLE>
                <AGENCY>
                    <CODE>3235</CODE>
                    <NAME>Securities and Exchange Commission</NAME>
                    <ACRONYM>SEC</ACRONYM>
                </AGENCY>
                <PHONE>202 551-6227</PHONE>
                <EMAIL>raimot@sec.gov</EMAIL>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>100 F Street NE,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20549</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
</REGINFO_RIN_DATA>
