Odaily Planet Daily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins expressed optimism regarding Congress passing the CLARITY Act, noting that the SEC is assisting Congress in advancing the bill by answering questions and providing technical support. The CLARITY Act aims to establish a clearer regulatory framework for the U.S. cryptocurrency market. The bill has already passed in the House of Representatives and is currently under review in the Senate. Atkins stated that legislation is the proper way to ensure long-term applicability of regulations; should Congress fail to complete the legislation, the SEC is prepared to issue rules addressing the market structures and other issues related to the cryptocurrency market covered by the CLARITY Act.
SEC Chair Optimistic About CLARITY Act Passage in Congress
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Summary
SEC Chair Paul Atkins said the CLARITY Act has a strong chance of passing in Congress, with the House already approving it and the Senate currently reviewing it. The bill aims to provide regulatory clarity for the digital asset market. Atkins stressed the need for legislative action to establish durable rules, while also noting that the SEC is prepared to act if necessary. This move aligns with global initiatives such as the EU’s MiCA and U.S. CFT efforts.
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