Progress under the CLARITY Act reflects growing support for a clear definition of SEC and CFTC oversight.
SEC Chairman Paul Atkins said the US crypto market structure legislation is close to becoming law and President Donald Trump is expected to sign it soon. The move aims to end regulatory uncertainty and provide clear legal foundations for digital asset markets.
Atkins has openly supported Congress in defining the jurisdictional divide between the Securities and Exchange Commission and the Commodity Futures Trading Commission, arguing that statutory clarity is essential to protect investors and support institutional growth.
Supporters believe clear rules will replace enforcement-oriented interpretation and allow the sector to mature within established financial frameworks.
Progress is being made in Congress, with the Senate Banking Committee advancing the CLARITY Act while the Agriculture Committee continues negotiations. Despite disagreements and amendments, bipartisan support suggests the bill could reach the White House by the end of the first quarter.
Looking ahead, Atkins tied the bill to long-term U.S. competitiveness, saying clear, principled regulation would encourage innovation and attract capital. Coordination between the SEC, CFTC, and the White House is expected to be critical to implementation.
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