Bitcoin Magazine

‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month

Wall Street’s top regulator has said that he expects the long-awaited Clarity Act will get passed this month and the U.S. will be on track to be the “crypto capital of the world.” 

Speaking to Fox Business on Tuesday, Securities and Exchange Chairman Paul Atkins confirmed that the regulator was pushing ahead with rules to help the crypto industry. 

Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or stablecoins. 

JUST IN: SEC Chairman Paul Atkins says "The Regulation Crypto Assets proposal is our most historic step yet to cement America as the Crypto Capital of the World"
pic.twitter.com/lcHtWcslgO

— Bitcoin Magazine (@BitcoinMagazine) September 2, 2026

“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.”

He added: “We’re changing the past approaches to try to update [rules], modernize them in the age of blockchain and crypto assets.”

Despite a vote on the Clarity Act being delayed, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy. 

Last week, the SEC sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies. 

Despite being passed by the House of Representatives last year, the Clarity Act has been in a deadlock for most of this year after the banking lobby clashed with lawmakers and crypto businesses over whether platforms like Coinbase should be able to pay customers yield. 

Some lawmakers have sought to change wording in the bill regarding ethics, and a new bill started circulating in July. The draft bans government officials from promoting and making money from crypto. 

But other Democratic lawmakers said it still fell short; a number of pro-crypto Republicans accused Democrats of deliberately playing politics and delaying the bill. 

This post ‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

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Bitcoin Magazine

SEC Sends Proposal to White House To Modernize Crypto Custody

The Securities and Exchange Commission has sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies. 

In a rule change sent Tuesday, the regulator said it wanted to “improve and modernize the regulations” surrounding custody for the crypto space.

The proposal comes after a vote was delayed on the long-awaited Clarity Act. Despite the delay, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy. 

JUST IN: SEC has sent a new proposal to the White House concerning "amendments to the custody rules" to "clarify the framework for the custody of crypto assets" pic.twitter.com/c45BK1tlok

— Bitcoin Magazine (@BitcoinMagazine) August 26, 2026

“This rulemaking would clarify the framework for the custody of crypto assets for investment adviser and investment companies, as well as make other modernizations needed to remove burdens from certain outdated provisions that are no longer needed to provide investor protection given the evolution in the markets and security trading and holding practices,” the proposal read. 

Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September after Democrats balked at the latest draft. 

Some Republican senators — like Senator Cynthia Lummis — accused some of deliberately holding it back. 

Still, pro-crypto regulators want to press ahead. CFTC Chairman Michael Selig has said he will proceed with rulemaking whether or not the Clarity Act is enacted, aiming to finalise rules before the administration’s term is out.

And earlier this month, the SEC proposed its own framework to allow token issuers to raise money in the U.S. without falling foul of securities laws.

President Donald Trump campaigned on a ticket to help the crypto industry and received major backing from Silicon Valley entrepreneurs. Since taking office, regulators have taken a remarkably different approach to watchdogging the digital asset space. 

The president last week urged lawmakers to get the Clarity Act over the line. SEC Chair Paul Atkins has said he is “committed to supporting Congress in advancing” the bill. 

This post SEC Sends Proposal to White House To Modernize Crypto Custody first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

SEC Proposes Crypto Rulebook as Clarity Act Stalls

The Securities and Exchange Commission has proposed its own framework for crypto asset offerings, pressing ahead while landmark legislation stalls. 

The regulator unveiled “Regulation Crypto Assets” on Tuesday, a tailored offering regime it says will let token issuers raise money in the U.S. without falling foul of securities laws.

Tuesday’s proposal carves out two exemptions from registration under the Securities Act of 1933. The first is a one-time exemption allowing issuers to raise up to $5 million in crypto over four years. The second permits up to $75 million in any 12-month period, but comes with financial statements and ongoing reporting obligations. Both require issuers to make narrative disclosures — written explainers for investors outlying a business and its risks — available. 

The rules also dangle a conditional safe harbor. Once an issuer has completed — or permanently abandoned — the managerial work it promised, its token would no longer be deemed subject to an investment contract, and so would sit outside the definition of a “security.” 

JUST IN: SEC proposes new "Regulation Crypto Assets" rules to create a framework for investment contracts involving crypto assets pic.twitter.com/AoMGh4Sx0I

— Bitcoin Magazine (@BitcoinMagazine) August 18, 2026

SEC Chairman Paul Atkins said the proposal was another step to “onshore innovation in crypto asset markets,” and would give entrepreneurs clear pathways to raise capital “as Congress works to establish a lasting regulatory framework.”

That framework is going nowhere fast. Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September after Democrats balked at the latest draft. Some Republican senators — like Senator Cynthia Lummis — accused some of deliberately holding it back.

Regulators aren’t waiting. CFTC Chairman Michael Selig has said he will proceed with rulemaking whether or not the Clarity Act is enacted, aiming to finalise rules before the administration’s term is out.

The proposal builds on the SEC’s March interpretation of how securities laws apply to crypto. Comments are open for 60 days after publication in the Federal Register.

This post SEC Proposes Crypto Rulebook as Clarity Act Stalls first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Regulators To Push Pro-Crypto Initiatives Following Clarity Act Delay 

The long-awaited crypto Clarity Act has stalled and is due a September vote but regulators are ready to step in to advance crypto rules regardless, according to reports. 

Bloomberg reported Tuesday that the Securities and Exchange Commission was preparing to roll out this week initiatives to help the crypto industry. The regulator has said that it will hold an open meeting Friday “to create a tailored offering regime for certain investment contracts involving crypto assets.” 

JUST IN: SEC to unveil 'major crypto plans' as Clarity Act stalls — Bloomberg pic.twitter.com/H1OpsGBJP9

— Bitcoin Magazine (@BitcoinMagazine) August 11, 2026

And JD Supra reported Tuesday that Commodities and Futures Trading Commission Chairman Michael Selig was ready to proceed with “rulemaking whether or not the Clarity Act is enacted, with the goal of finalizing rules before the end of the current administration.”

The news from the regulators comes as the Clarity Act stalls. Pro-crypto lawmakers were last week hoping the Clarity Act passed before Congress departed for August recess. After a delay, a vote will now go ahead in September.

Lawmakers started mulling over a new draft of the bill, which was passed by the House of Representatives last year, in July. The text that tackled the issue of ethics, banning government officials from promoting or making money from crypto.  

But Democrats still had a problem with it and some were deliberately holding it back, according to Republicans like Cynthia Lummis. 

Regulators the SEC and CFTC have become remarkably more crypto-friendly since President Trump took the White House. 

When Gary Gensler was in charge of the SEC under Democratic President Joe Biden, the regulator went after crypto firms like Coinbase and Kraken.

Under the Republican Administration, the regulators have scrapped a number of high-profile lawsuits against crypto companies. 

President Trump campaigned on a ticket to help make the United States digital asset capital of the world, and has passed pro-crypto legislation since taking office. 

This post Regulators To Push Pro-Crypto Initiatives Following Clarity Act Delay  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

SEC Commissioner Hester ‘Crypto Mom’ Peirce Optimistic About Clarity Act 

The Security and Exchange Commission’s outgoing commissioner, Hester Peirce, has expressed optimism that the long-awaited Clarity Act will pass. 

Speaking on CoinDesk’s The Policy Protocol show, the regulator said that passing the law would help the SEC in drafting regulation. 

Lawmakers are pushing to get a vote on the crypto market structure bill — or Clarity Act — before the Senate goes to recess. Some Republicans have bemoaned that Democratic members of the senate are deliberately dragging their feet with the bill. 

The Senate has 4 days to pass the CLARITY Act before recess.

Contact your Senator and tell them to pass the bill! pic.twitter.com/3ZHZEmh7UC

— Bitcoin Magazine (@BitcoinMagazine) August 3, 2026

“I’m still optimistic that the bill will get finished, and it will give I think the industry and investors and regulators an easier path forward because there’ll be very clear lines about who has authority over the crypto spot market, for example,” Commissioner Peirce said. 

“If the legislation passes, we’ve got lots of rulemaking to do,” Peirce continued. “But even if it doesn’t pass, we can do a lot: We can develop a framework for people who are trying to do fundraising using crypto assets, as an example.”

The Clarity Act has been in a deadlock for much of 2026, partially because the banking lobby raised concerns over crypto companies allowing clients to earn stablecoin yield. 

An updated bill of the Clarity Act was introduced in July addressing concerns around ethics; it now bans government officials and their families from issuing or promoting crypto. 

But a group of Democrats have said the bill needs work. 

If passed, the Clarity Act would create a regulatory framework for the U.S. cryptocurrency market.

Commissioner Peirce earned the nickname “crypto mom” for her friendly approach to regulating the space despite the SEC’s previous actions. 

Under ex-Chair Gary Gensler, the top regulator was openly hostile towards the digital asset space and hit crypto companies with a number of lawsuits. 

Since President Donald Trump took office in 2025, the SEC — and other regulators — have taken a far more friendly approach to crypto legislation. 

The SEC in 2025 announced a crypto task force specifically aimed at watchdogging the space.

This post SEC Commissioner Hester ‘Crypto Mom’ Peirce Optimistic About Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act 

Securities and Exchange Commission Chairman Paul Atkins has thrown support behind the long-awaited crypto market structure bill. 

Writing on X Tuesday, the chief of Wall Street’s biggest regulator said that he was “committed to supporting Congress in advancing” the bill. 

A number of lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: SEC Chair Paul Atkins says he will support Congress in passing the Clarity Act:

“I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance.” pic.twitter.com/wRRbnY9vXu

— Bitcoin Magazine (@BitcoinMagazine) July 28, 2026

“American leadership in the digital finance revolution means matching the energy of American innovators with a regulatory framework worthy of them,” wrote Atkins on the social media platform, adding a video from a Monday CNBC interview where he spoke about the need for such a bill. 

Chosen by President Trump, Atkins was officially sworn in as the 34th Chairman of the SEC last year. He has taken a far more crypto-friendly approach to regulating the space compared to his predecessor, Gary Gensler. 

The regulator is the latest big name to push for the Clarity Act to get over the line. 

Major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.  

A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. 

Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because the banking lobby raised concerns over stablecoin yield and Democrats were worried over language surrounding ethics.

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. 

An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

This post SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.