Bitcoin News

Story: Paul Atkins Backs Clarity Act as Congress Vote Looms

By James Thorp

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Atkins vs. Gensler: Two Visions for the Crypto Market. Atkins is not Gensler. That's the central point. His predecessor led an aggressive crackdown on…

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The 2026 Blockade and the Revised Version of the Text. The bill had almost passed before. In the House of Representatives, the Clarity Act was adopted…

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Paul Atkins wants it to pass. The SEC chairman stated on Tuesday that he is "committed to supporting Congress in advancing" the bill on the market structure of cryptocurrencies —…

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And the timing is no coincidence. Several lawmakers aim to finalize the vote before Congress's August recess. That leaves very little time.

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Atkins is not Gensler. That's the central point. His predecessor led an aggressive crackdown on the crypto sector — lawsuits, refusal to engage in dialogue, open warfare with…

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On social media, he shared a video of an interview given to CNBC, where he spoke about the necessity of such legislation.

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Fidelity and Goldman Sachs are in the same camp. The two giants of traditional finance have publicly stated their support for the Clarity Act.

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The bill had almost passed before. In the House of Representatives, the Clarity Act was adopted last year with strong bipartisan support. But in 2026, it was blocked.

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Bankers, in short, feared that crypto platforms would offer yields so attractive to their clients that traditional bank deposits would melt away. It's a real tension.

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Related reading: The Clarity Act Vote in the Senate Weighs on the Crypto Industry Before August Recess

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But an updated version was introduced last week. And it directly addresses the ethical objection: the new text prohibits government officials and their families from issuing or…

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Read also: Senate CLARITY Act Vote Hangs Over Crypto Industry as August Recess Looms

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It's unclear if this will be enough to convince reluctant Democrats. Probably not all of them. But it changes the equation.

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Republicans, meanwhile, are banking on this week. They want to gather enough bipartisan votes to push the text through before the recess.

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If it fails, it's back to square one. New blockade. New waiting period. And crypto projects seeking a solid legal base in the United States will continue to navigate in…

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