Sen. Mark Warner said he still wants the Senate’s crypto market structure effort to move forward, even as SEC Chair Paul Atkins warned that regulatory clarity built only on agency rules can be undone.

Hearing focus on durable rules

Atkins told the Senate Banking Committee that while the SEC can write interim rules, lasting crypto policy needs Congress.

Atkins said in testimony:

“We need a firm grounding in statute so we can’t have any backsliding in the future.”

He argued that commission-made rules are not “future-proof,” even as he pursues his “Project Crypto” agenda.

Senate bill still stuck

The Digital Asset Market Clarity Act has faced fits and starts.

The report cited unresolved…