SEC Sets August 14 Meeting on 'Regulation Crypto' Amid Clarity Act Stalemate
The U.S. Securities and Exchange Commission (SEC) has announced an open meeting on August 14 to discuss new regulations for cryptocurrency investment contracts.
This move comes after several back-and-forths, with the SEC finally taking steps towards its 'Regulation Crypto' agenda.
Under this proposed regulation, a formal rule would undergo review and public comment before being finalized, potentially offering a customized route for certain cryptocurrency projects to raise money without conventional securities registration.
The timing is noteworthy, as it coincides with the Senate's failure to move forward with the CLARITY Act before its August recess.
Paul Atkins' vision for more transparent crypto regulations appears to be coming to fruition, with his collaboration on asset classification and initiatives related to tokenized securities contributing to this development.