SEC Chair urges Congress to advance CLARITY Act

SEC Chair Paul Atkins is urging Congress to pass the CLARITY Act, describing the legislation as an important step toward making the United States a global center for digital assets.
The proposal is aimed at providing clearer rules around crypto-market oversight and the regulatory treatment of digital assets.
Greater regulatory clarity could reduce uncertainty for exchanges, issuers and institutional investors while creating a more defined framework for U.S. crypto-market development.