SEC Chairman: Optimistic About Congressional Passage of the CLARITY Act
2026-07-28 22:15
Odaily Planet Daily News: Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), expressed optimism that Congress will pass the CLARITY Act, stating that the SEC is assisting Congress in advancing the bill, including answering questions and providing technical assistance.
The CLARITY Act aims to establish a clearer regulatory framework for digital assets in the U.S. crypto market. The bill has already passed the House of Representatives and is currently under review in the Senate.
Atkins stated that legislation is the way to ensure long-term applicability of relevant rules. He added that if Congress fails to complete the legislative process, the SEC is prepared to formulate its own rules to address the market structure issues covered by the CLARITY Act and other matters concerning the crypto market.
The CLARITY Act aims to establish a clearer regulatory framework for digital assets in the U.S. crypto market. The bill has already passed the House of Representatives and is currently under review in the Senate.
Atkins stated that legislation is the way to ensure long-term applicability of relevant rules. He added that if Congress fails to complete the legislative process, the SEC is prepared to formulate its own rules to address the market structure issues covered by the CLARITY Act and other matters concerning the crypto market.
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