SEC Pushes Ahead with Crypto Rules as CLARITY Bill Stalls

The U.S. Securities and Exchange Commission (SEC) is reviewing new rules for certain crypto-related investment contracts, according to reports from Cointelegraph. An open meeting this week will discuss introducing a new offering framework tailored to investment contracts linked to specific crypto assets.

This comes after the Senate failed to pass the Digital Asset Market Clarity Act (CLARITY) last week. SEC Chairman Paul Atkins said that the SEC is prepared to roll out rules related to digital assets if the Senate does not pass the CLARITY bill before recess.

The CLARITY bill's fate remains uncertain, with lawmakers planning to pursue a motion to invoke cloture after they return from recess on September 14. The bill must still be passed by the full Senate and then sent back through the House before being signed into law by President Donald Trump.