CFTC and SEC Double Down on Crypto After Clarity Act Defeat
60-second summary
Michael Selig and Paul Atkins announce they will wield existing CFTC and SEC authority to deliver crypto regulatory certainty after the Senate defeats the Crypto‑Clarity Act, signaling that agencies will fill the legislative gap. They pledge coordinated oversight, enforcement and guidance, aiming to stabilize markets, protect investors and restore confidence, which could curb volatility and attract institutional participation.
Michael Selig and Paul Atkins pledged to use their agencies’ existing powers to provide crypto regulatory certainty after the Senate failed to advance the bill.