U.S. SEC Chair publicly backs the Clarity Act, saying he will actively support Congress

SEC Chair Paul Atkins publicly backed the CLARITY Act, saying he would support congressional efforts on crypto market structure rules.

The bill aims to clarify the legal status of digital assets and which regulators oversee them, making it a major U.S. crypto policy proposal.

Lawmakers are trying to move the bill before the August recess, but Democratic amendments and banking-sector concerns could slow the final deal.

The open support from the SEC chief could help push U.S. digital asset regulation closer to enactment.