SEC and CFTC Vow Continued Crypto Enforcement

Following the failure of the Clarity Act to advance in the Senate, agency leaders Michael Selig and Paul Atkins signaled they will utilize existing regulatory frameworks to oversee digital assets.

The top 3

1. The Clarity Act Legislative Stagnation: The bill failed to clear the Senate committee hurdle, leaving a significant regulatory vacuum for digital asset classification.
2. Michael Selig's Stance on Current Powers: Selig emphasized that the agency intends to apply existing securities laws to crypto assets without waiting for new legislative mandates. Michael Selig
3. Paul Atkins on Regulatory Enforcement: Atkins affirmed that the CFTC will continue to target fraud and market manipulation under its established commodity trading authority. Paul Atkins

Sources

• Coindesk
• The Block

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