Summary
- The SEC chair said passage of the digital-asset (cryptocurrency) market structure bill, the CLARITY Act, is necessary.
- He said the bill could serve as a foundation for addressing excessive regulatory risk.
- The U.S. move to revamp its regulatory framework could affect the broader digital-asset industry.
Forecast Trend Report by Period
The chair of the U.S. Securities and Exchange Commission called for Congress to pass the CLARITY Act, a market structure bill for digital assets, saying legislation is needed to bolster U.S. competitiveness.
On July 9, SEC Chair Paul Atkins wrote on X, formerly Twitter, that Congress should craft a comprehensive market structure bill and send it to President Donald Trump.
He said the measure could provide a foundation for addressing excessive regulatory risk. The comments underscored the need to revamp market structure rules.
Treasury Secretary Scott Bessent had earlier urged Congress to pass the CLARITY Act. Atkins endorsed that position, writing that Bessent was right.
Market participants are watching the U.S. push to revamp its regulatory framework as a development that could affect the broader digital-asset industry. Attention is now on whether the bill advances in Congress.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
