Crypto▲ Bullish
SEC Proposes 'Regulation Crypto' for Digital Asset Fundraising
The SEC's Aug. 14 open meeting could launch a tailored framework for crypto investment contracts, offering a clearer path to capital without full registration.
Continue with
The U.S. Securities and Exchange Commission has scheduled an Aug. 14 open meeting to propose a sweeping digital asset rulemaking initiative called Regulation Crypto, the agency said. The three-member commission is expected to vote on formally proposing the regulation and opening it for public comment.
Regulation Crypto would create a tailored regime for investment contracts tied to digital assets. The goal is to let crypto startups and blockchain projects raise capital without triggering the SEC's full registration requirements, the SEC said in a statement.
A key provision would establish a pathway for projects to exit SEC jurisdiction once their developers or sponsors are no longer actively managing the project. That could clarify when a token or transaction is no longer subject to U.S. securities laws, the SEC said.
The move comes after the Senate failed to advance the Digital Asset Market Clarity Act before the August recess. With Congress stalled, the SEC's rulemaking could become the primary vehicle for defining federal crypto rules in the near term.