SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
SEC official Atkins has expressed support for the Clarity Act while confirming that the agency will continue its own regulatory roadmap, dubbed 'Project Crypto,' regardless of the bill's success. This initiative focuses on modernizing securities regulations, updating transfer agent rules for blockchain, and clarifying custody requirements for investment advisers.
Why it matters
It signals that the SEC is committed to establishing a comprehensive regulatory framework for digital assets through internal rulemaking, ensuring progress even if legislative efforts stall.
“Congress should vote to advance the Clarity Act and send it to the president’s desk as soon as possible,” Atkins said Monday during a keynote at a Solana Policy Institute event in Washington. “But let me be equally clear: with or without that legislation, this administration will deliver for American investors and technological innovators.”
The Senate is set to hold a cloture vote Tuesday afternoon U.S. Eastern time on a motion to proceed to the Digital Asset Market Clarity Act, a procedural test of whether the sweeping crypto market structure legislation has enough support to advance.
Atkins used much of his speech to lay out the SEC’s parallel regulatory push under “Project Crypto,” highlighting three areas that he said would form the foundation for how digital assets are issued, transferred and held in the U.S.
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