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Crypto Regulation

SEC Chair: CLARITY Act Vote Set for Sept. 15, US to Become ‘Crypto Capital’

SEC Chair Paul Atkins said in a Fox Business interview that the CLARITY Act will be voted on in the Senate on September 15, expecting passage and presidential signature, making the US the ‘global crypto capital.’ He noted regulators are advancing rules to modernize for blockchain and crypto assets. Despite the vote delay, SEC and CFTC continue crypto policy work, with the SEC submitting a crypto custody framework proposal to the White House last week.

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AI take

The CLARITY Act vote date crystallizes a legislative timeline that could reshape US crypto oversight, with the SEC and CFTC already moving in parallel on policy frameworks. If passed, the shift toward a unified regulatory stance may reduce jurisdictional ambiguity, potentially drawing more institutional participation. However, the outcome remains uncertain until the Senate vote, and the actual scope of the custody framework will determine whether the 'crypto capital' ambition translates into operational reality. The open question is whether the bill's passage will indeed streamline compliance or merely set the stage for further regulatory friction.

Generated by AI for reference only.

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