The SEC Chair urged Congress to advance the CLARITY Act as soon as possible and submit it to the President for signature. According to a report by NS3, the SEC is pushing “Project Crypto” as an institution-wide initiative aimed at establishing the United States as the “world’s crypto capital.” The SEC also proposed “Regulation of Crypto Assets” to provide a legal framework for crypto projects. The Chair said that, regardless of whether the legislation is passed, the government will support investors and technology innovators.