SEC Chair Paul Atkins is urging Congress to move quickly on crypto market‑structure legislation, saying the Securities and Exchange Commission and the Commodity Futures Trading Commission are ready to implement a new regulatory framework as soon as lawmakers act.
In a post on X, Atkins said Project Crypto has been designed so that “once Congress acts, @SECGov & @CFTC are ready to implement the CLARITY Act.” He added it is “time for Congress to future‑proof against rogue regulators & advance comprehensive market structure legislation to President Trump’s desk.” Treasury Secretary Scott Bessent has also pushed lawmakers to send the package to the President for approval.
What Atkins calls Project Crypto and the CLARITY Act would codify roles and rules for digital‑asset markets, aiming to remove the ambiguity and overlap that have left firms navigating conflicting SEC and CFTC guidance. Supporters say the reforms would not only reduce regulatory uncertainty for exchanges, token issuers and institutional investors, but also help keep the U.S. competitive in blockchain and digital‑finance innovation.
If Congress advances the bill, regulators contend the SEC and CFTC could quickly move to implement the new regime—potentially reshaping how Wall Street oversight works in the digital era and creating clearer pathways for domestic blockchain development. The next steps now rest with lawmakers and the White House.
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