SEC Chair: Legislation Needed to Cement Crypto Policy

BlockBeats News, February 13th - During a hearing at the U.S. Senate Banking Committee on Thursday, U.S. Securities and Exchange Commission Chairman Paul Atkins stated that while the agency has said the SEC must establish some transitional rules, legislation is indeed needed to make cryptocurrency policy permanent. "We need a solid legal foundation to prevent any future backsliding."

Despite the intermittent progress in the U.S. Senate on the "Cryptocurrency Market Structure Act" (aka the CLARITY Act), Senator Mark Warner, one of the key Democratic negotiators, expressed during the hearing that he still hopes this work can move forward.