https://fortune.com/crypto/2024/02/07/sec-prometheum-ethereum-broker-dealer-gary-gensler-coinbase/
SEC Chair Paul Atkins has called for the United States to advance the CLARITY Act to secure leadership in artificial intelligence, cryptocurrency, and financial innovation. The Digital Asset Market Clarity Act of 2025, which aims to classify most blockchain-native tokens as digital commodities, has passed the House and advanced through the Senate Banking Committee but awaits a floor vote in the Senate. Atkins’ statement underscores the urgency for legislative action, suggesting a renewed push for the bill’s passage as the Senate reconvenes.
Market participants appear to interpret Atkins’ statement as supportive of the CLARITY Act’s prospects, though current market pricing reflects uncertainty. The market for the CLARITY Act being signed into law by the end of 2026 currently shows a 35.5% probability of a YES outcome, a decline from 46% a week ago. The Act’s passage could lead to a jurisdictional shift in the crypto market, with the CFTC taking a more prominent role in token regulation.
As the Senate enters a three-week session before its August recess, the timing of a potential vote remains critical. The Act’s fate will depend on Senate leadership’s ability to schedule a vote and secure the necessary support for passage.
