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SEC Chair Paul Atkins said the United States remains the "crypto capital of the world", adding that the industry’s development should be driven by transparency and innovation. According to him, as Congress works to pass the CLARITY Act, he and his colleagues are prepared to provide a "bridge" toward the future regulatory framework.
He shared the statement on X, noting that the goal is to create clear and understandable rules for innovators and investors to reduce legal uncertainty in the digital asset market.
In January, the bill was not adopted on its first attempt and was sent for revisions following debates over stablecoin provisions and potential restrictions on yield mechanisms. Some crypto companies, including Coinbase, called for adjustments to certain sections, while representatives of the traditional banking sector pushed for stricter measures.
Congress continues to work on the legislation. The final version is expected to reflect input from both traditional financial institutions and crypto market participants.
Public support for the bill from the SEC chair signals a possible shift from regulation through enforcement actions toward a more structured legislative approach. If adopted, the law could strengthen the US position as a leading hub for blockchain innovation. If delayed or made overly restrictive, however, some innovation may move to other jurisdictions.
It is worth noting that Paul Atkins officially became the 34th Chair of the US Securities and Exchange Commission in April 2025. He pledged major changes to crypto regulation, aiming to reverse what he described as years of “innovation suppression.”