SEC Chairman Paul Atkins backs crypto rules alongside delayed CLARITY Act

  • SEC Chairman Paul Atkins said he expects the CLARITY Act to pass the Senate this month after a September 15 vote.
  • The House-passed bill stalled over stablecoin yield, platform rewards and ethics limits on officials’ crypto profits.
  • Circle President Heath Tarbert urged Congress to pass CLARITY to finish digital-asset market rules after GENIUS.

SEC Chairman Paul Atkins said he expects the long-delayed CLARITY Act to clear the Senate this month and ultimately reach the president for signature, casting the measure as central to making the United States the crypto capital. Speaking on Fox Business, Atkins confirmed a Senate vote set for September 15 and said regulators are rewriting rules for the blockchain and crypto-asset era, after the agency last week sent the White House a proposal clarifying crypto custody for investment advisers and firms. The bill would create a framework distinguishing digital assets as securities, commodities or stablecoins. It already passed the House last year but stalled for much of this year over banking-lobby and crypto-industry disputes, including whether platforms such as Coinbase may pay customer yield, plus fights over ethics language limiting officials’ crypto promotion and profits. Separately, Circle President and former CFTC Chair Heath Tarbert urged Congress to pass CLARITY to complete the digital-asset market layer after the GENIUS Act’s payment-stablecoin framework.

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