Crypto▲ Bullish
SEC Chair Says Agency to Draft Crypto Rules if CLARITY Act Fails
SEC Chair Paul Atkins said the agency will draft crypto rules if the CLARITY Act fails. The bill faces an August deadline in the Senate. Prediction market odds fell to 27%.
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SEC Chair Paul Atkins said the agency is prepared to write crypto rules on its own if Congress fails to pass the CLARITY Act. The bill faces a tightening Senate calendar with the August break approaching.
If the bill stalls, Atkins said, the SEC can move ahead with rulemaking under its existing powers. The initiative, which he called "Regulation Crypto," would shift the agency away from its enforcement-heavy approach toward formal rule-writing.