SEC Chair Paul Atkins has called for Congress to pass comprehensive cryptocurrency market structure legislation, stating the regulatory agencies are prepared to implement it. In a post to X, Atkins urged lawmakers to “future-proof against rogue regulators” and advance the CLARITY Act to President Trump’s desk, an action already supported by Treasury Secretary Scott Bessent.
SEC Chair Paul Atkins is publicly urging Congress to pass crypto market structure legislation. “It’s time for Congress to future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump’s desk,” he stated in a post to X.
Atkins stated that the SEC and CFTC are prepared to pass the legislation once Congress acts. The call for action follows similar urging from Treasury Secretary Scott Bessent for lawmakers to advance the safeguards.
The legislation in question is linked to the SEC’s Project Crypto. Atkins noted the project is designed so agencies can implement the CLARITY Act after Congressional approval.
Project Crypto represents a shift that could transform Wall Street regulation in the digital age. The act aims to provide regulatory clarity to prevent contradictory rules from the SEC and CFTC.
A further aim is to maintain U.S. leadership in digital finance. The framework is intended to encourage domestic blockchain development.
