On September 30, according to Bitcoin.com citing CNBC, SEC Chair Paul Atkins stated on September 29 that even if the CLARITY bill fails in Congress, the SEC will "proceed to provide clear guidance on on-chain fundraising." The bill was voted down in the Senate on September 15, failing to meet the 60-vote threshold with a 49-50 vote. Atkins emphasized that "regardless of legislation, the SEC will act decisively within its statutory authority," but did not specify the form of guidance (exemption, registration pathway, or advisory). Commissioner Hester Peirce, known as the "crypto mom," will leave on October 2, leaving only Chair Atkins and Commissioner Mark Uyeda at the SEC, with a Democratic seat vacant. This year, the SEC remains the sole hope for practitioners regarding regulatory clarity.
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