SEC Ready to Write Its Own Crypto Rules as Clarity Bill Stalls

The SEC is shifting its stance on crypto regulation, signaling a move from adversary to participant. SEC Chair Paul Atkins stated that the agency is 'ready, willing and able' to create rules for the industry, echoing the proposed CLARITY Act.

Atkins expressed optimism about Congress passing the bill but emphasized that the SEC will act independently if legislation stalls. He highlighted the importance of a statute in providing future-proof clarity and direction for regulators.

The CLARITY Act has already passed the Senate Banking Committee, but its progress is uncertain due to floor time limitations and ongoing debate over ethics provisions and DeFi developer liability.