SEC · US Senate · CLARITY Act · CoinDesk
U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings
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The U.S. Securities and Exchange Commission is about to propose its first formal rule that sets more durable rules for crypto businesses, in this case, a regimented path for legal issuance of digital assets under "Regulation Crypto.
Key facts
- The U.S. Securities and Exchange Commission is about to propose its first formal rule that sets more durable rules for crypto businesses, in this case, a regimented path for legal issuance of digital
- Reg Crypto would join some of the other significant steps the agency has taken or is still working on to foster the U.S. crypto industry
- The agency is also still working on its tokenized securities approach, which Atkins routinely mentions as one of the SEC's marquee crypto maneuvers
- But the rule will likely take further months to develop and finalize
Summary
The U.S. Securities and Exchange Commission is about to act on its Regulation Crypto rulemaking, setting a meeting to propose the rule this week. The meeting will come a week after the U.S. Senate left town without holding even a procedural vote on the Clarity Act, which is intended to explain how the SEC and its sister agency, the Commodity Futures Trading Commission, can oversee crypto. SEC Chairman Paul Atkins has long set the goal of this rulemaking as one of the major points of his crypto regulatory plan, and the agency has schedeuled August 14 for the meeting at which the three-member commission (all Republicans) will open the SEC proposal for public comment.