The SEC Chairman says that even without the CLARITY Act, the SEC will use its existing authority to provide more regulatory clarity for crypto investors and builders.
↗️ Is this good or bad for crypto?
Potentially GOOD for the crypto industry.
More regulatory clarity could make it easier for crypto companies and builders to operate in the US and give investors clearer rules to follow. The SEC has already taken steps this year to clarify how securities laws apply to different types of crypto assets.
⚠️ However, the actual impact will depend on the rules and actions that come next.