SEC chair urges Congress to pass CLARITY Act while preparing own rules
- —Atkins urged the Senate to pass the CLARITY Act and send it to the president
- —Procedural vote on H.R.3633 scheduled for September 15 at 14:15 Washington time
- —SEC proposes exemptions for issuance up to $5 million over 4 years and up to $75 million per year
- —Public comments on SEC rules accepted until October 20
Why it matters: Regulatory clarity in the U.S. reduces risks for issuers and exchanges, but both processes are not yet complete.
Source: TokenPost