SEC chair Atkins expects CLARITY Act to move forward this month

The U.S. Securities and Exchange Commission chairman has said he expects the CLARITY Act to advance through the Senate this month as regulators continue developing crypto rules alongside Congress. Summary SEC Chair Paul Atkins expects the CLARITY Act to advance in September and eventually reach President Donald Trump for his signature. The Senate is scheduled to hold a procedural vote on the bill on Sept. 15, with 60 votes needed to move forward. The SEC and CFTC are continuing work on crypto rules while Congress negotiates the market structure legislation. Stablecoin rewards and ethics provisions remain key points of disagreement surrounding the bill. Speaking to Fox Business on Tuesday, SEC Chairman Paul Atkins said he expects lawmakers to move forward with the legislation in September and eventually send it to President Donald Trump for his signature. “The Clarity Act will be voted on in the Senate on the 15th of September,” Atkins said. “I anticipate and hope that it will be passed by the Senate and sent ultimately to the President’s desk for a signature.” The Sept. 15 action, however, is currently scheduled as a procedural vote on whether the Senate should begin considering th...