SEC Moves on Crypto Rules as CLARITY Act Hits Another Delay

• The SEC set a meeting to build new crypto asset investment contract rules.
• Action follows Congress failing to pass the Digital Asset Market CLARITY Act.
• SEC Chair Atkins said the agency is ready to enact rules without congressional action.

The Securities and Exchange Commission has announced an open meeting to develop dynamic regulations on crypto asset investment contracts. The sudden move by the regulators comes after Congress unexpectedly failed to pass its Clarity Act last week. 

As a result, institutional investors are now anticipating major upheavals in federal digital asset regulations and compliance requirements in the near future.

SEC Moves Rapidly After Stalled Clarity Act Legislation

In an earlier statement, SEC Chair Paul Atkins indicated that he was completely prepared to make new rules without any new congressional restrictions. The agency is therefore actively seeking to establish a clear offering regime, particularly for digital asset token issuers. This forward-looking agency approach is seen as an essential pathway by market experts for providing financial institutions with regulatory certainty.

… Continue reading the full article at the original source below.