Atkins Reaffirms Support for CLARITY Act as Senate Faces Recess Deadline

SEC Chairman Paul Atkins has reaffirmed his support for the CLARITY Act, a 616-page bill aimed at regulating crypto markets. In a statement on social media, he committed to providing technical assistance to help advance the legislation.

The bill, which passed the House with bipartisan backing last year, seeks to clarify the jurisdictional boundary between the SEC and CFTC in digital asset regulation. The Senate must act within days before recess to clear the bill, which has already consumed most of 2026.

Atkins' statement came after a joint initiative between the SEC and CFTC, called Project Crypto, was highlighted as an example of how regulatory bodies are working together to prepare for the new law. However, he emphasized that this work is only a stopgap measure and not a substitute for statutory authority.

The CLARITY Act has been held up in the Senate due to disagreements over stablecoin yield provisions and ethics language governing federal officials' digital asset holdings.