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SEC Chair Paul Atkins Says Project Crypto Prepares Agencies for CLARITY Act

Paul Atkins said Project Crypto is intended to help the SEC and CFTC implement the CLARITY Act if Congress passes it, while he urged the Senate Banking Committee to move the bill toward President Donald Trump’s signature.

Fact Check
The strongest evidence is from the SEC itself. In “American Leadership in the Digital Finance Revolution,” Atkins introduced Project Crypto and described it as an initiative preparing the SEC to implement the CLARITY Act if enacted, which matches the core of the claim. In “Testimony Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs,” Atkins told the Senate Banking Committee that he supports enacting the CLARITY Act and that the Commission stands ready to implement it upon passage. That substantiates the Senate-side portion of the claim. “Testimony Before the U.S. House Financial Services Committee” independently repeats the same implementation-ready position. I did not directly verify the exact phrasing about moving the bill to President Donald Trump’s signature from the provided X links because those fetches failed, and I could not fetch the Senate Banking Committee press page. Still, the official SEC materials strongly support the substantive claim that Atkins said Project Crypto was intended to help implement the CLARITY Act and urged congressional action on the bill.
Summary

SEC Chair Paul Atkins said Project Crypto is designed to prepare the SEC and CFTC to implement the CLARITY Act once Congress passes it. He also urged the Senate Banking Committee to advance the legislation so it can reach President Donald Trump for signature, framing the bill as a path to long-term U.S. digital asset market structure rules.

Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets, including certain crypto-related products.
  • CLARITY Act: A proposed U.S. legislative framework referenced by Paul Atkins for crypto market regulation and agency implementation.
  • digital asset market structure: The regulatory framework that defines how crypto assets, trading platforms, and related activities are classified and supervised.