Crypto▲ Bullish
SEC Chair Atkins Endorses CLARITY Act; Preps Own Rules
SEC Chair Atkins backed the CLARITY Act on July 27 as essential for crypto regulation. The SEC is also drafting its own exchange rules, preparing for possible Senate gridlock.
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SEC Chairman Paul Atkins publicly backed the CLARITY Act on July 27. He told an interviewer the bill is fundamental to establishing clear rules for the crypto market. The SEC also confirmed it is working directly with lawmakers to advance the legislation.
The CLARITY Act aims to settle the biggest question in U.S. crypto: whether a token is a security. Issuers currently launch tokens without knowing if the SEC will sue. The bill would assign regulatory responsibilities between agencies and define which assets fall under which jurisdiction.
Atkins is not waiting for the Senate. The agency is drafting its own guidelines for exchange platforms and digital asset managers. Those rules would create a regulatory structure even if the bill stalls. A spokesperson said the goal is to ensure oversight exists regardless of legislative timing.