In brief
- Paul Atkins said the SEC is “ready, willing, and able” to write crypto rules if Congress does not pass the Clarity Act.
- He argued a statute is the only way to stop the framework shifting with each administration.
- The bill has cleared the House and Senate Banking, and has not reached a Senate floor vote.
The SEC will write crypto market rules itself if Congress fails to pass the Clarity Act, chairman Paul Atkins said. The agency is “ready, willing, and able to come out with rules” covering the same ground, he told CNBC on Monday, and would “stand ready to provide that” should the bill not clear the Senate.
“Statute is the way to future-proof something,” Atkins said, adding that the market needs “the certainty of a statute” so…
