SEC Chair Atkins Optimistic on Congress Passing CLARITY Act, SEC Providing Technical Support

According to Odaily, SEC Chair Paul Atkins recently stated he is optimistic about Congress passing the CLARITY Act and that the SEC is assisting Congress in advancing the legislation by answering questions and providing technical support.

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 and is currently under review in the Senate. Atkins noted that legislation is the approach to ensure long-term regulatory applicability; if Congress fails to complete the legislative process, the SEC is prepared to promulgate rules addressing market structure issues covered by CLARITY Act and other crypto market concerns.