SEC Backs CLARITY Act: Will It Boost BTC, ETH, and XRP?

The SEC's newly proposed crypto framework has been called its 'most historic step yet' by Chair Paul Atkins, who believes it will help make the US a global leader in cryptocurrency.

Atkins made this statement just ahead of the CLARITY Act's scheduled Senate vote on September 15. The act aims to clarify the regulatory landscape for digital assets and give them more mainstream recognition.

The SEC's proposed framework represents an effort to fulfill the White House's goal of making the US a hub for cryptocurrency innovation, according to Atkins.