CLARITY Act Faces Crucial Test in September 15 Senate Vote
SEC Chair Paul Atkins expects the Senate to advance the CLARITY Act in its September 15 vote, setting up a key test for a crypto market structure bill. The legislation aims to define how the SEC and Commodity Futures Trading Commission oversee digital assets.
The SEC is preparing its regulatory approach to work alongside the CLARITY Act, which includes exemptions covering fundraising and other activities. Public comments are currently being collected as part of the agency's proposal.
However, doubts remain over whether Congress can complete the legislation this year as lawmakers approach the midterm election period. Some industry figures, like SALT CEO John Darsie, remain cautious about the bill's chances, citing the political calendar ahead of the elections.