SEC Ready to Step Up Crypto Rules if Clarity Act Stalls
US securities regulators are preparing backup plans for digital asset rules if Congress fails to pass the long awaited Clarity Act.
coinbeat.newsUS Securities and Exchange Commission Chair Atkins made it clear this week that the agency is ready to act on crypto rules if the Clarity Act stays stuck in Congress. The legislative bill passed the House a year ago and cleared the Senate Banking Committee in May, but it still waits for a full floor vote.
Market watchers know that lack of clear guidelines has troubled the crypto sector for years. If lawmakers cannot push the bill across the finish line, the SEC intends to set its own regulatory standards to bring order to the market.
Traders and investors should keep a close eye on Washington over the coming weeks. Any movement on the Senate floor or new announcements from the SEC could shift market sentiment quickly for major digital assets.
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