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Atkins Backs CLARITY Act, Calls Senate Vote Key for Crypto Rules
SEC Chair Paul Atkins told CNBC he is 'optimistic' Congress will pass the CLARITY Act. The Senate holds the key as the crypto market structure bill moves toward a vote.
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SEC Chair Paul Atkins said he is optimistic Congress will pass the CLARITY Act, the crypto market structure bill that has already cleared the House. The Senate review is now the test for whether the U.S. gets its first set of federal digital asset rules.
Atkins outlined the SEC's support in an X post on July 28. "I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance," he wrote. The SEC chair added that U.S. leadership in digital finance needs a regulatory system that matches the pace of innovation.
In a CNBC interview the day before, Atkins said the SEC is prepared to write its own rules if Congress does not finish the legislation. "But ultimately, the statute is the way to future-proof," he told CNBC. "We are ready, willing and able to come out with rules that address the same issues in CLARITY and other aspects of the crypto market."