SEC Chair Optimistic on CLARITY Act Passage, Prepared for Rulemaking

SEC Chairman Paul Atkins expresses optimism regarding the CLARITY Act's congressional passage while confirming the agency is assisting with technical details and preparing fallback regulations if legislation stalls.

Woofun AI reports that SEC Chairman Paul Atkins expressed optimism regarding the congressional passage of the CLARITY Act. The agency is currently assisting Congress by providing technical assistance and answering inquiries to advance the bill. The CLARITY Act seeks to establish a clearer regulatory framework for digital assets in the U.S. market. It has passed the House of Representatives and is now under Senate consideration. Atkins emphasized that legislation ensures long-term applicability of rules.

However, he noted that if Congress fails to complete the legislation, the SEC is prepared to formulate rules addressing the market structure issues covered by the act and other crypto matters.