SEC Preps New Crypto Rules If Clarity Act Fails in Congress

The Securities and Exchange Commission (SEC) is prepared to issue new rules for the US crypto market if the Clarity Act fails in Congress, according to SEC Chair Paul Atkins.

In a recent CNBC interview on July 27, 2023, Atkins emphasized the importance of effective legislation for clear regulations in the crypto sector.

Atkins stated that while the SEC is ready to step in with guidelines if needed, such measures cannot replace the need for a comprehensive statute.