SEC Chair Paul Atkins said the agency will press ahead with its own crypto rulemaking agenda regardless of whether the Clarity Act becomes law, even as he urged Congress to pass the bill. “Congress should vote to advance the Clarity Act and send it to the president’s desk as soon as possible,” Atkins said, while stressing that “with or without that legislation, this administration will deliver for American investors and technological innovators.”
Atkins outlined what he called three pillars of a single regulatory architecture. Regulation Crypto Assets would modernize securities rules to give entrepreneurs clarity on raising capital with digital assets. A Transfer Agent Modernization effort would update record-keeping rules last revised roughly 40 years ago to accommodate blockchain-based ownership ledgers. And a custody initiative would let investment advisers self-custody crypto or use qualified state trust companies when third-party custodians aren’t yet available.
The statement, made just before the Senate’s failed cloture vote on the Clarity Act, signals the SEC intends to move forward on its own timeline rather than wait on Congress. It underscores a broader shift at the agency toward accommodating crypto markets independent of legislative gridlock.
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