SEC Chair: Bitcoin as commodity is starting point for clarity, will help pass legislation

U.S. SEC Chairman Paul Atkins stated on X that the agency's interpretation of crypto assets is just the beginning and that the SEC will act as a bridge while Congress works to pass a market structure bill known as the Clarity Act. His comments follow the SEC's recent official announcement that most crypto assets, including Bitcoin, are considered commodities rather than securities. Atkins emphasized that regulations must be clear enough to guide the market, flexible enough to accommodate innovation, and firm enough to protect investors. He added that the SEC is moving away from past practices and is now providing clear standards on what constitutes a security from its perspective.