SEC Commissioner Peirce Expects Clarity Act to Pass This Summer After House Approval

SEC Commissioner Hester Peirce said she expects the Clarity Act to pass this summer after the bill cleared the House and awaits action in the Senate. According to NS3.AI, the legislation would split oversight of cryptocurrencies between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Peirce said the bill would establish a federal framework for spot crypto markets. SEC Chair Paul Atkins said the agency should bring digital asset innovators back under American law.