Crypto Regulations on Track for Major Overhaul in 2023

The Digital Asset Market Clarity Act is pending in the Senate and would trigger a major regulatory overhaul of the crypto industry.

Companies that engage early in the rulemaking process will have the best opportunity to influence the final regulations, which could be completed within 360 days.

The Securities and Exchange Commission (SEC) would bear the heaviest burden, required to complete rulemaking under new Section 4B and adopt 'Regulation Crypto', a framework that would exempt certain transactions involving tokens from full securities registration requirements.