Crypto Rules to Come From Agencies After Senate Bill Fails

Paul Atkins made clear the SEC won’t wait for Congress after the CLARITY Act fell short of 60 votes in the Senate. The agency plans to move ahead with its own authority to bring regulatory certainty to digital assets.

The chairman stressed that protecting investors and supporting innovation remain priorities, even without fresh legislation. He signaled the commission will use existing powers to reduce uncertainty for U.S. firms and entrepreneurs.

The failed vote shifts focus to federal agencies: market participants now expect the SEC and CFTC to shape crypto oversight through current laws rather than a comprehensive new bill.

Based on information from https://cryptonews.net