SEC's Atkins Backs Clarity Act but Says Agency Will Keep Pushing Crypto Rules without It
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10 Articles
CLARITY Act Falls 49-50 but SEC and CFTC Push Crypto Rules Anyway
The CLARITY Act is dead — for now. The Senate voted 49-50 on September 15, falling well short of the… Read the original on Industry Leaders Demand Action as CLARITY Act Fails 49-50 in Senate Vote. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
The president of the SEC, Paul Atkins, said that the regulatory agenda of the agency will advance even if the Senate does not approve the CLARITY Act. His plan contemplates new ways to issue tokens, modernize the transfer rules and allow alternative solutions for the custody of cryptocurrencies.
SEC Chair Says Crypto Rules Move Forward No Matter What Senate Decides
TLDR SEC Chair Paul Atkins backed Tuesday’s CLARITY Act cloture vote but said Project Crypto rulemaking will continue no matter the Senate result. Atkins outlined three rulemaking tracks: Regulation Crypto Assets, updated transfer-agent rules, and a self-custody proposal for investment advisers. The cloture vote needs 60 votes, meaning at least seven Democrats must vote yes [...]
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