SEC Can Start Rulemaking for Digital Assets Before CLARITY Act Passage

A former official at the U.S. Securities and Exchange Commission (SEC) has stated that the agency can begin rulemaking for digital assets before the passage of the CLARITY Act.

Anne Kelly, a former SEC official, emphasized that the agency has existing authority to propose rules for digital assets, which can be incorporated through additional rule proposals if the CLARITY Act is later enacted.

This signals a potential acceleration in regulatory clarity for the cryptocurrency industry, which has long sought clear guidelines on how digital assets are classified and regulated.

The SEC's proactive approach could provide much-needed direction, reducing uncertainty for businesses and investors, and allowing the agency to address key issues while Congress continues its work on the CLARITY Act.