Paul Atkins

Passage

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The SEC canceled its August 14 crypto rulemaking meeting with no new date confirmed. Nate Geraci, President of The ETF Store and co-founder of the ETF Institute, believes that may be a good sign for the CLARITY Act. The agency cited an “unforeseen scheduling issue.”
The meeting had been scheduled to propose Regulation Crypto, <a href="https://timestabloid.com/pundit-says-this-sec-news-is-massive-for-xrp-and-crypto/" rel="noopener noreferrer nofollow">the SEC’s first formal rulemaking for digital assets</a>. It was announced just four days prior on unusually short notice. The abrupt cancellation left the industry without the regulatory signal it had been anticipating.
<blockquote class="twitter-tweet">
 Hot take on SEC abruptly cancelling tomorrow’s planned meeting on crypto…
 Perhaps certain influential Senators came to their senses and realized the SEC could &amp; would move forward on crypto innovation with or w/out Congress.
 If so, would bode well for Clarity Act passing.
 — Nate Geraci (@NateGeraci) <a href="https://x.com/NateGeraci/status/2088054657268523350?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2026</a>
</blockquote>
<h2 id="strong-geraci-s-take-on-the-situation-strong">Geraci’s Take On the Situation</h2>
Geraci suggested certain influential Senators may have come to their senses. His view is that those Senators recognized the SEC could and would <a href="https://timestabloid.com/clarity-act-update-for-xrp-holders-sec-chair-makes-major-statement/" rel="noopener noreferrer nofollow">move forward on crypto innovation regardless of Congressional action</a>.
If that realization drove any behind-the-scenes pressure, it may signal renewed urgency around the CLARITY Act. Geraci’s position is that this development could bode well for the bill’s passage.
<h2 id="strong-the-sec-s-posture-strong">The SEC’s Posture</h2>
The SEC had made its intentions clear before the cancellation. Chair Paul Atkins stated the agency is “ready, willing, and able to come out with rules” whether Congress acts or not. <a href="https://timestabloid.com/clarity-act-update-for-xrp-holders-sec-commissioner-drops-major-statement/" rel="noopener noreferrer nofollow">Commissioner Hester Peirce echoed that position</a>, confirming the SEC will advance work on custody, tokenized securities trading, and fundraising frameworks for crypto assets.
The SEC’s willingness to act independently removes Congress’s monopoly on crypto clarity. Senators who preferred legislative control over the crypto regulatory landscape now face a reality check. The SEC will not wait indefinitely.
<h2 id="strong-the-clarity-act-s-path-forward-strong">The CLARITY Act’s Path Forward</h2>
The CLARITY Act has 53 Republican Senate votes locked in for cloture. It needs 60 to clear the filibuster. Between 7 and 10 Democrats are reportedly prepared to support the bill. The cloture vote is scheduled for September 15, 2026.
Senator Bernie Moreno stated that 11 months of <a href="https://timestabloid.com/clarity-act-update-for-xrp-holders-senator-says-theres-nothing-left-to-iron-out/" rel="noopener noreferrer nofollow">negotiations have officially ended</a>. He confirmed an agreement is in place and all parties are expected to honor their commitments. Senate Majority Leader John Thune filed cloture before the August recess, securing floor time when the Senate returns.
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<h2 id="strong-the-bigger-picture-strong">The Bigger Picture</h2>
The CLARITY Act would establish clear statutory lines between the SEC and CFTC over the crypto spot market. Legislation carries a durability that agency rulemaking does not. A future administration can reverse SEC rules, but a statute is far harder to undo.
Atkins acknowledged this himself, describing a statute as the way to future-proof the rules. The SEC’s own chair prefers Congressional action, and the cancellation of Friday’s meeting may reflect that preference playing out in real time.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post <a href="https://timestabloid.com/update-for-xrp-holders-this-fresh-action-puts-pressure-on-clarity-act-passage/" rel="noopener noreferrer nofollow">Update for XRP Holders: This Fresh Action Puts Pressure On CLARITY Act Passage</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Update for XRP Holders: This Fresh Action Puts Pressure On CLARITY Act Passage

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