Summit hosts debate on Clarity Act with former SEC leaders

SEC: The U.S. Securities and Exchange Commission is the federal agency responsible for enforcing securities laws and regulating securities markets. In recent weeks, the agency under its current leadership has committed to providing technical assistance on crypto market structure legislation while advancing its own rulemaking initiatives for digital assets. Former commissioners of the SEC are actively participating in public debates on the evolving regulatory framework for these markets. Troy Paredes: Troy Paredes is a former Commissioner of the U.S. Securities and Exchange Commission who served from 2008 to 2013 and focused on issues including disclosure, capital formation, and market structure. He recently participated in an industry summit where former CFTC and SEC leaders discussed developments surrounding the Clarity Act. Paredes emphasized the scope for good faith disagreements in legal interpretations during these regulatory debates. Legislation: Updated drafts of the CLARITY Act released in mid-September 2026 reflect ongoing bipartisan negotiations to define regulatory roles for digital assets between the SEC and CFTC. Agency Action: SEC leadership has stated it will pursue crypto regulatory clarity through existing authorities regardless of the status of congressional legislation. Industry Engagement: Former regulators from the SEC and CFTC continue to debate the bill's implications at high-profile summits following recent legislative text releases.