SEC Proposes New Crypto Rules Amid CLARITY Act Fears
The US Securities and Exchange Commission (SEC) has proposed new rules to regulate cryptocurrencies, marking a significant step forward from previous 'inapt' regulations. According to Commissioner Hester Peirce, the proposal is an important step toward clearer and more enforceable digital asset regulations.
The SEC's new regulatory framework would allow entities to raise capital while preserving investor protections. This move comes days after the US Senate failed to pass the Digital Asset Market Clarity (CLARITY) Act, which aimed to provide a comprehensive framework for financial regulators overseeing the crypto industry.
Galaxy Digital has cut its odds on the CLARITY Act's chances of passing in 2026 to 10%, citing unresolved political issues and the Senate's limited time to pass it when it reconvenes on September 14. Meanwhile, SEC Chairman Paul S. Atkins praised the initiative, stating that the agency's prior enforcement-heavy approach has driven investment offshore.