{"id":78863,"date":"2026-09-30T09:03:24","date_gmt":"2026-09-30T09:03:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-chair-paul-atkins-vows-onchain-rules-despite-failed-clairty-act\/"},"modified":"2026-09-30T09:03:24","modified_gmt":"2026-09-30T09:03:24","slug":"sec-chair-paul-atkins-vows-onchain-rules-despite-failed-clairty-act","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-chair-paul-atkins-vows-onchain-rules-despite-failed-clairty-act\/","title":{"rendered":"SEC Chair Paul Atkins Vows Onchain Rules Despite Failed CLAIRTY Act"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Paul Atkins told CNBC on Sept. 29 that the SEC will define onchain fundraising rules without Congress.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The CLARITY Act failed a 49-50 Senate cloture vote on Sept. 15, pushing crypto policy to regulators.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hester Peirce leaves Oct. 2, leaving just two SEC commissioners to drive the next round of crypto rules.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>What Did Atkins Actually Say?<\/h2>\n<p>Atkins sat down with CNBC\u2019s Squawk Box in a <a href=\"https:\/\/www.cnbc.com\/video\/2026\/09\/29\/watch-cnbcas-full-interview-with-sec-chairman-paul-atkins.html\" target=\"_blank\" rel=\"noopener noreferrer\">wide-ranging Sept. 29 interview<\/a> covering the initial public offering (IPO) market and trading in tokenized securities. However, the conversation drifted into the crypto realm, with one line perking up everyone\u2019s ears:<\/p>\n<blockquote>\n<p>Congress failed, so the SEC will provide the answers itself on raising capital onchain.<\/p>\n<\/blockquote>\n<p>And while the position isn\u2019t a new one, it has become louder than ever in recent weeks. To elaborate, the day after the Senate vote, Atkins <a href=\"https:\/\/x.com\/SECPaulSAtkins\/status\/2100256253645668860\" target=\"_blank\" rel=\"noopener noreferrer\">posted the following message on X,<\/a> where he did not hold back one bit, stating unequivocally:<\/p>\n<blockquote>\n<p>With or without legislation, we will act decisively within the SEC\u2019s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.<\/p>\n<\/blockquote>\n<p>He has not said what form the onchain fundraising guidance will take, whether an exemption, a registration pathway or staff-level guidance.<\/p>\n<h2>Why Is Congress out of the Picture?<\/h2>\n<p>The Senate\u2019s cloture vote on the <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/clarity-act-isnt-dead-but-washington-is-running-out-of-calendar\/\">CLARITY Act failed 49-50 on Sept. 15<\/a>, 11 votes short of the 60 needed. The fight that sank it was not the split of oversight between the SEC and the Commodity Futures Trading Commission (CFTC). It was ethics language on officials\u2019 crypto holdings, with Democrats arguing it did not reach the president and his family.<\/p>\n<p>Sen. Thom Tillis filed a motion to reconsider, so the bill is not procedurally buried. But the Senate\u2019s next session runs Oct. 5 to Nov. 6, right on top of midterm campaigning, and prediction markets price 2026 passage in single digits. For builders who need answers this year, the SEC is now the only door that is open.<\/p>\n<h2>What Has the SEC Already Done?<\/h2>\n<p>On Sept. 17, the agency <a href=\"https:\/\/www.cnbc.com\/2026\/09\/17\/sec-clears-path-for-tokenized-stocks-bringing-24\/7-trading-closer.html\" target=\"_blank\" rel=\"noopener noreferrer\">cleared a path for tokenized stocks<\/a>, moving markets closer to 24\/7 trading. On Sept. 25, the Division of Corporation Finance released nine FAQs on how a <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sec-staff-clarifies-how-crypto-promises-affect-securities-treatment\/\">token issuer\u2019s promises affect securities treatment<\/a>.<\/p>\n<p>Staff said that describing current network uses or broad future plans would not, by themselves, signal essential managerial efforts, and that buybacks on a functional network would not count as a promise of profit. Promising yield on an unfinished system, however, could. That is the rough outline of the onchain fundraising rulebook Atkins is now promising to finish.<\/p>\n<h2>Who Is Left to Write It?<\/h2>\n<p>Commissioner Hester Peirce, the industry\u2019s so-called \u201cCrypto Mom,\u201d <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/crypto-mom-hester-peirce-resigns-from-sec-effective-oct-2\/\">resigns effective Oct. 2<\/a>, leaving just two sitting commissioners, Atkins and Mark Uyeda, with both Democratic seats vacant.<\/p>\n<p>Peirce is heading out with the same message and in remarks made on Sept. 29, she said crypto builders <a href=\"https:\/\/twitter.com\/scottmelker\/status\/2105024819368800620\" target=\"_blank\" rel=\"noopener noreferrer\">need better protections<\/a>, that financial privacy must remain intact and that regulators should keep moving with their existing authority even without the CLARITY Act. A week earlier, she urged the agency to use <a href=\"https:\/\/news.bitcoin.com\/technology\/secs-hester-peirce-wants-zero-knowledge-proofs-to-fix-kyc-system\/\">zero-knowledge proofs<\/a> to fix know-your-customer (KYC) checks.<\/p>\n<p>There is, however, a catch in all of this, given that agency rules move faster than statutes, but they are also easier to undo. In fact, a future SEC chair could rewrite guidance that the current two-member commission puts in place, which is exactly the durability problem the CLARITY Act was meant to solve.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/clarity-act-failed-sec-atkins-onchain-fundraising-rules\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Paul Atkins told CNBC on Sept. 29 that the SEC will define onchain fundraising rules without Congress. The CLARITY Act failed a 49-50 Senate cloture vote on Sept. 15, pushing crypto policy to regulators. Hester Peirce leaves Oct. 2, leaving just two SEC commissioners to drive [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":78864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78863"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78863"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78864"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}