SEC Chair Atkins announced the agency is prepared to step in with its own crypto rules if the Financial Innovation and Technology for the 21st Century Act (FIT21)—popularly known as the Clarity Act—fails to pass. 🏛️
The landmark bipartisan legislation aims to establish a clear regulatory framework for digital assets, defining boundaries between the SEC and CFTC. Although the bill passed the House over a year ago and cleared the Senate Banking Committee this past May, it still awaits a crucial floor vote. 📉
If Congress flounders on a final vote, the SEC is ready to provide regulatory clarity through its own rulemaking capabilities. ⚖️
So this is bearish or bullish fam?
$LA $TBT $1000000BOB
The landmark bipartisan legislation aims to establish a clear regulatory framework for digital assets, defining boundaries between the SEC and CFTC. Although the bill passed the House over a year ago and cleared the Senate Banking Committee this past May, it still awaits a crucial floor vote. 📉
If Congress flounders on a final vote, the SEC is ready to provide regulatory clarity through its own rulemaking capabilities. ⚖️
So this is bearish or bullish fam?
$LA $TBT $1000000BOB