Crypto▲ Bullish
SEC Sets Aug 14 Meeting on Crypto Rules as CLARITY Act Stalls
The SEC will propose a tailored crypto regime on Aug 14 after the CLARITY Act stalled in the Senate. Grayscale's Zach Pandl says rulemaking can fill the legislative gap.
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The Securities and Exchange Commission has scheduled an open meeting for August 14 to consider new rules for cryptocurrency investment contracts. The proposed rulemaking, referred to as “Regulation Crypto,” would create a tailored offering regime for crypto projects, the agency said.
Under the plan, projects could raise money without full securities registration. The rules would also offer a path to exit SEC oversight once a project is sufficiently decentralized, the SEC said.
The meeting comes after the Senate failed to advance the CLARITY Act before its August recess. That bill would have established a broader legal framework and clarified the roles of the SEC and the Commodity Futures Trading Commission.