SEC Head Warns of Agency Rules if CLARITY Act Fails

SEC Chair Paul Atkins states the agency will draft its own crypto regulations if Congress does not pass the CLARITY Act, citing the need for legal certainty.

Woofun AI reports that SEC Chair Paul Atkins told CNBC the agency will establish its own rules for the crypto market if Congress fails to pass the CLARITY Act. Atkins emphasized that legislation ensures future stability and provides the legal certainty needed to prevent regulatory shifts with each administration change. He expressed optimism regarding the bill's passage and noted the SEC is offering technical support.