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Crypto

More than 120 U.S. crypto groups urge Senate to take up Clarity Act

U.S. crypto industry groups are pressing the Senate to move quickly on legislation to clarify regulation of digital assets. More than 120 trade groups sent a joint letter to the Senate Banking Committee urging prompt action on a digital asset market structure bill that includes the Clarity Act. The groups said delayed rules risk harming global competitiveness and called for clearer jurisdiction between the SEC and the CFTC, along with changes covering stablecoins, developers and tax reporting.

Crypto

Why the U.S. SEC chose rulemaking over enforcement

The U.S. Securities and Exchange Commission has sharply shifted its approach toward crypto firms during Chair Paul Atkins\' first year in office, moving away from enforcement. The SEC has halted civil actions and investigations, approved multiple crypto-linked exchange-traded funds and expanded regulatory coordination, including with the CFTC. Atkins said the agency delivered major progress and moved past enforcement-led regulation. Democrats have criticised the SEC and Atkins over conflict-of-interest concerns, while regulatory uncertainty persists pending passage of the Clarity Act.

Crypto

Warren questions SEC enforcement drop, whether Chair Atkins misled Congress

U.S. Senator Elizabeth Warren said SEC Chair Paul Atkins may have misled Congress about a decline in the agency’s enforcement activity. Warren pointed to a major gap between Atkins’ Feb. 12 hearing answers and fiscal 2025 enforcement data the SEC released on April 7. She said the newly released figures show the number of enforcement actions the SEC initiated was the lowest in 10 years, and criticised the broader enforcement level as the lowest in more than 20 years.