SEC Chair Paul Atkins says the agency can write crypto rules if Congress stalls on CLARITY, though legislation would provide greater certainty.
Passed by the House a year ago, the bill cleared Senate Banking in May and still awaits a floor vote.
The SEC's readiness to act independently highlights the urgency for clear crypto regulations, potentially reshaping market oversight dynamics.
The SEC's proactive stance may heighten regulatory uncertainty, potentially stalling crypto market growth and innovation amid legislative delays.
