SEC Chair Pushes for CLARITY Act Amid Crypto Market Uncertainty

The Securities and Exchange Commission (SEC) Chair Paul S. Atkins has made a push for Congress to approve the CLARITY Act, a bill aimed at creating a formal market-structure framework for crypto in the US.

The legislation is seen as necessary to replace 'regulation by enforcement' with clear statutory rules that will allow federal agencies to implement consistent oversight of digital assets. Atkins emphasized that once Congress acts, the SEC and Commodity Futures Trading Commission (CFTC) are ready to implement the CLARITY Act.

His remarks came a day after Treasury Secretary Scott Bessent published an op-ed in the Wall Street Journal warning that the US risks losing its leadership in financial innovation if lawmakers fail to pass the bill. Bessent argued that durable legislation would give entrepreneurs and developers the confidence to 'reshore' digital-asset activity to American markets.