SEC Chair Atkins: I Have Confidence that Congress Will Adopt Clarity Act and that the President Will Be Able To Sign It

EXCERPT:

ATKINS: “But with respect to various products, we are working and collaborating with our sister agency, the Commodity Futures Trading Commission. We’ve come out with interpretive release that divides the world and gives clarity to the marketplace as to what’s a security, a tokenized security, and then what is a digital commodity. And so we’ve taken that step, and that’s been a very important step. We’re looking, and I have confidence that Congress will adopt the Clarity Act and that the president will be able to sign it, and that’ll give us a statutory basis upon which we can operate and then, again, allow the marketplace to innovate and do that here onshore, as the president has basically, you know, challenged us to do. We’ve chased a lot of these products offshore for people to try to innovate, but we need to do to it in America, under American law so that investors have the confidence and the protections of that."