SEC Chairman Paul Atkins said the agency is ready to write its own crypto market rules if Congress fails to pass the Clarity Act. The bill, which would grant the CFTC exclusive jurisdiction over spot digital commodity markets, cleared the House 294-134 but still needs 60 votes to pass the Senate. Senate Democrats oppose the latest version, objecting to inadequate ethics provisions and unsettled questions around stablecoin yield. If the bill fails, the SEC would fall back on its own Project Crypto framework announced in November, though that administrative approach could be undone by a future administration without congressional action.
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