SEC Chair Ready to Establish Own Rules if Clarity Act Fails

Independent Rules if Clarity Act Fails

On the 27th, SEC Chair Paul Atkins, in an interview with CNBC, stated that if the Clarity Act, a bill defining the market structure for cryptocurrencies, does not pass in Congress, the SEC is prepared to establish similar regulations on its own. 'We are prepared to do that if it does not pass the Senate,' he said.

Mr. Atkins argued that enacting the law is the only way to ensure the system's sustainability over time, and discussed the risks of regulatory frameworks being overturned with a change in administration...