SEC Chair Paul Atkins Throws Full Support Behind the CLARITY Act
Key Insights:
- Paul Atkins backs the CLARITY Act and offers SEC technical support for Congress.
- Credit unions support the CLARITY Act but seek stricter stablecoin yield rules.
- Senators continue CLARITY Act negotiations as cloture timing shifts to next week.
The CLARITY Act moved back into focus after US SEC Chair Paul Atkins publicly pledged support for Congress as lawmakers continued work on digital asset legislation.
Atkins said he would provide technical assistance to lawmakers and described a regulatory framework as necessary for American leadership in digital finance.
His remarks came as Senate scheduling uncertainty delayed expectations for a procedural vote, while credit unions formally endorsed most of the legislation and urged lawmakers to strengthen provisions covering stablecoin yield.
At the same time, negotiations continued across party lines, with senators working on revised legislative language before the Senate’s August recess. The move placed the bill at the center of discussions involving regulators, lawmakers, financial institutions, and digital asset stakeholders.
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