Paul Atkins, SEC chairman, announced that the agency will publish its own rules to regulate cryptocurrencies if the CLARITY Act fails to pass the US Congress. This bill aims to divide jurisdiction over digital assets between the SEC and the CFTC, defining which cryptocurrencies fall under securities and which are treated as commodities. Senate Republicans are pushing for passage by early August despite ongoing legislative hurdles. The statement marks a sharp break from the Gary Gensler era, when the SEC favored lawsuits over clear rules, signaling the end of the US regulatory gray zone for the crypto sector.
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