SEC Chair Paul Atkins expects US Clarity Act to pass this month
SEC Chair Paul Atkins said he expects the Clarity Act, a bill to regulate crypto assets, to pass in the U.S. Senate this month. Speaking to Fox Business on September 2, Atkins called the proposal a historic step to make America the “crypto capital of the world.”
The bill, delayed from an August vote, aims to create a framework for classifying digital assets as securities, commodities, or stablecoins. Atkins stated the Senate will vote on it on September 15.
Regulators like the SEC and Commodity Futures Trading Commission are moving forward with crypto policy even before the bill passes. Last week, the SEC sent a proposal to the White House to clarify rules for the custody of crypto assets by investment advisers.
Key details of the Clarity Act
- The bill defines how digital assets like cryptocurrencies should be treated under U.S. law.
- It was passed by the House of Representatives last year but has faced delays in 2026.
- Disagreements include whether platforms like Coinbase can pay customers yield and ethics rules for government officials.
Political disagreements remain
Some lawmakers have pushed for changes, including a ban on government officials promoting or profiting from crypto. Democratic lawmakers have argued the bill still falls short, while some Republicans accuse Democrats of delaying it for political reasons.
What happens next
The Senate is scheduled to vote on the Clarity Act on September 15. If passed, it would go to the President for a signature.
