CLARITY Act · SEC · US Congress · CoinDesk
SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
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U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins urged Congress to advance the crypto market structure bill best-known as Clarity Act, while making clear the agency’s crypto agenda will move forward regardless of the bill’s fate.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins urged Congress to advance the crypto market structure bill best-known as Clarity Act, while making clear the agency’s crypto agenda
- Eight banking groups, including the American Bankers Association, Bank Policy Institute and Independent Community Bankers of America, urged Senate leaders Monday to tighten restrictions on stablecoin
- Congress should vote to advance the Clarity Act and send it to the president’s desk as soon as possible,” Atkins said Monday during a keynote at a Solana Policy Institute event in Washington
Summary
SEC Chair Paul Atkins, speaking at a Solana Policy Institution event, urged Congress to advance the Clarity Act ahead of Tuesday’s key Senate procedural vote. Atkins said the agency’s crypto push will continue “with or without” the legislation, with issuance rules, transfer agent modernization and custody forming the three pillars of its regulatory agenda. Atkins said he has asked SEC staff to develop a proposal that could allow investment advisers, under certain conditions, to self-custody crypto assets or use state trust companies as custodians. U.S. “Congress should vote to advance the Clarity Act and send it to the president’s desk as soon as possible,” Atkins said Monday during a keynote at a Solana Policy Institute event in Washington.