[Paul Atkins: If the 'Clear Act' is not passed, the SEC will formulate its own crypto rules] According to Decrypt, SEC Chairman Paul Atkins stated that if Congress fails to pass the 'Clear Act,' the SEC is prepared to independently introduce regulations for the cryptocurrency market. The 'Clear Act' passed the House of Representatives last July with a vote of 294-134 and was approved by the Senate Banking Committee this May with a vote of 15-9, but it has yet to undergo a full Senate vote requiring 60 votes for passage. Senate Majority Leader Thune hinted that the bill might not be voted on before the August recess. If passed, the bill would transfer regulatory authority over most token spot markets to the CFTC. The SEC has already included the Project Crypto regulatory framework in its 2026 agenda.