SEC Is Preparing Two Major Crypto Initiatives as CLARITY Act Stalls in Senate; Report

TLDR

• The SEC will consider proposing Regulation Crypto at its August 14 open meeting.
• Regulation Crypto would create a tailored offering framework for certain crypto investment contracts.
• SEC is preparing an innovation exemption covering blockchain-based versions of traditional securities.
• CLARITY Act faces a September 15 Senate vote and needs at least 60 votes to advance.
• The SEC and CFTC are moving ahead with crypto rulemaking as Congress delays market structure legislation.

The U.S. Securities and Exchange Commission is preparing two major crypto initiatives as lawmakers struggle to advance the Digital Asset Market CLARITY Act. The agency is moving toward formal rules for certain digital asset offerings while also preparing an innovation exemption for tokenized securities.

The SEC has scheduled an August 14 open meeting to consider proposing Regulation Crypto, a framework covering certain investment contracts tied to crypto assets. The proposal would begin the agency’s first major formal crypto rulemaking process under Chairman Paul Atkins and would open the plan for public comment.

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