Crypto Regulation: SEC Keeps Clarity Act Option Open As South Korea Confirms 2027 Crypto Tax
Key Insights:
- SEC says it can issue crypto rules if the Clarity Act stalls in Congress.
- South Korea confirms crypto tax will begin on January 1, 2027.
- Market analyst points to Bitcoin’s past market cycles around U.S. midterm elections.
Crypto regulation remains in focus after the SEC said it can issue crypto rules if the Clarity Act does not become law. South Korea also confirmed its crypto tax will begin in 2027, while fresh market commentary examined how Bitcoin has behaved around past U.S. elections.
Crypto Regulation: SEC Hints an Alternative to the CLARITY Act
Crypto regulation is back in the spotlight after U.S. Securities and Exchange Commission Chairman Paul Atkins said the agency is ready to write crypto rules if Congress does not pass the Clarity Act.
Speaking with CNBC, Atkins said the SEC is “ready, willing, and able” to introduce rules that cover much of the same ground as the proposed bill. He said the agency can act under its current powers if lawmakers do not finish the legislation.
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