SEC Chair Paul Atkins Backs Clarity Act as Agency Pushes Crypto Agenda

SEC Chair Paul Atkins stated at a Solana Policy Institute event that Congress should advance the Digital Asset Market Clarity Act. He emphasized that the SEC will continue its crypto regulatory efforts regardless of the bill's outcome. The agency plans to focus on three key areas under its Project Crypto framework: rules for crypto asset issuance, modernizing transfer agent rules for blockchain-based digital ownership, and clarifying custody requirements for investment advisers and regulated funds. The bill currently faces opposition in the Senate from banking groups concerned about stablecoin interest restrictions and state attorneys general worried about potential impacts on fraud enforcement.