What did SEC Chairman Paul Atkins say?

Paul Atkins said new legislation would provide the best framework for regulating digital assets, but the US Securities and Exchange Commission could use its existing authority to develop rules if Congress does not pass the CLARITY Act.

What is the CLARITY Act?

The CLARITY Act is proposed US legislation intended to establish a clearer regulatory framework for digital assets by defining the roles of federal regulators.

Why is the CLARITY Act important?

The bill aims to provide greater regulatory certainty for the digital asset industry by clarifying how cryptocurrencies are overseen in the United States.

Can the SEC regulate crypto without new legislation?

Yes. Paul Atkins said the SEC has existing authority that could be used to develop cryptocurrency rules if Congress does not enact the CLARITY Act.

Why is this significant?

The comments suggest the SEC is prepared to continue developing regulatory guidance while Congress considers comprehensive cryptocurrency legislation.

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SEC prepared to act without CLARITY Act

Written by Heidi Cuthbert Published Jul 29, 2026, 8:20 AM

US Securities and Exchange Commission Chairman Paul Atkins said the agency is prepared to establish cryptocurrency rules if Congress does not pass the CLARITY Act.
Atkins said legislation remains the preferred outcome but indicated the SEC could use its existing authority if necessary.
The comments highlight ongoing efforts to provide greater regulatory certainty for the US digital asset industry.

US Securities and Exchange Commission Chairman Paul Atkins said the regulator is prepared to introduce cryptocurrency rules if Congress does not approve the CLARITY Act.

Atkins said legislation would provide the strongest legal framework but noted the SEC could move forward under its existing regulatory authority if lawmakers fail to act.

The CLARITY Act aims to establish a clearer framework for the regulation of digital assets by defining the responsibilities of US financial regulators.

The cryptocurrency industry has argued that clearer rules would reduce regulatory uncertainty and encourage innovation within the United States.

The SEC has increasingly shifted towards developing more comprehensive guidance for digital assets as policymakers continue debating long-term legislation.

Atkins' comments suggest the regulator is prepared to advance its own rulemaking process while Congress continues considering broader cryptocurrency legislation.