SEC Chairman Paul Atkins publicly backed the Clarity Act, adding momentum to the crypto market structure bill as lawmakers aim for August passage.
Alpha Score of 64 reflects moderate overall profile with strong momentum, moderate value, moderate quality, moderate sentiment.
SEC Chairman Paul Atkins publicly endorsed the Clarity Act on Tuesday, adding a key regulatory voice to the push for a crypto market structure law before Congress leaves for August recess.
Atkins said on X that he was “committed to supporting Congress in advancing” the bill, linking to a CNBC interview where he discussed the need for clearer rules. The post came as lawmakers in both parties try to break a months-long deadlock over the legislation.
The Clarity Act passed the House last year with bipartisan support but stalled in 2026 after banking lobbyists raised concerns that crypto exchange yields could pull deposits away from traditional banks. An updated version introduced last week addressed ethics objections by banning government officials and their families from issuing or promoting digital assets.
Major financial institutions including Fidelity and Goldman Sachs have backed the bill. A group of Democrats said in a statement last week that the current version still falls short, though Republicans hope to secure broader support this week to advance the legislation.
Atkins, sworn in as the 34th SEC chairman under President Trump, has taken a more crypto-friendly stance than his predecessor Gary Gensler. His public support follows similar endorsements from bank executives and industry groups.
If passed, the Clarity Act would create federal rules for crypto exchanges, stablecoin issuers, and token classification – a framework the industry has sought for years. The bill’s fate now rests on whether Republican leaders can win over enough Democrats before the August recess.
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