Crypto▼ Bearish
CLARITY Act Failure May Let Trump's SEC Fast-Track Crypto, Expert Says
The SEC could advance crypto rules without the CLARITY Act, ETF expert Nate Geraci said, as the agency holds a meeting Friday to consider a tailored offering framework for digital assets.
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The SEC could push through crypto rules without waiting for the CLARITY Act, said ETF expert Nate Geraci. He pointed to the agency's ability to use existing laws more aggressively under a President Donald Trump administration.
“Politics aside… It’s ironic that Congress failing to pass the CLARITY Act will result in President Trump’s SEC doing pretty much whatever they want within existing laws to fast-track crypto industry,” Geraci wrote on X.
A new administration might later undo some of those changes, Geraci said. But he added that the crypto industry's rapid pace could make it difficult to reverse course.
“But crypto moves at warp speed. Might be too late at that point,” Geraci wrote.
The SEC is not waiting for Congress. The agency has scheduled an open meeting for Friday to discuss a proposed rule that would create a “tailored offering” framework for crypto investment contracts. The proposal is part of the SEC's broader Regulation Crypto Assets initiative, or “Reg Crypto,” led by Chair Paul Atkins.
The meeting, hosted by the SEC's Division of Corporation Finance, starts at 10:00 AM ET and will be streamed live. If the commission approves the proposal for further consideration, it would offer an alternative to traditional securities registration for certain crypto asset offerings.
Atkins has previously said the SEC is ready to act on crypto regulation without Congress.