SEC Prepares to Vote on First Major Crypto Rule, Regulation Crypto

The US Securities and Exchange Commission (SEC) has scheduled an open meeting for August 14th to vote on its first major crypto rule, known as Regulation Crypto. The proposal aims to create a tailored offering regime for certain investment contracts involving crypto assets.

According to the SEC's notice, the August 14th meeting will decide whether to publish the proposal and open it for public comment. This is expected to be a green-light step from the three-member, all-Republican commission.

The proposed Regulation Crypto would give crypto projects a route to raise capital without triggering full securities registration, as well as an exit path out of SEC jurisdiction once a team is no longer actively managing the network.

Analysts see this move as the SEC moving forward on its own after Congress stalled on the CLARITY Act. TD Cowen described it as the first of several rulemakings the agency will run to deliver certainty.