U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings

PolicyU.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offeringsThe Securities and Exchange Commission will vote this week to start its first major crypto rulemaking process.By Jesse Hamilton|Edited by Nikhilesh De52 min ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowThe U.S. Securities and Exchange Commission is about to act on its Regulation Crypto rulemaking, setting a meeting to propose the rule this week.The meeting will come just a week after the U.S. Senate left town without holding even a procedural vote on the Clarity Act, which is intended to explain how the SEC and its sister agency, the Commodity Futures Trading Commission, can oversee crypto.The U.S. Securities and Exchange Commission is about to propose its first formal rule that sets more durable rules for crypto businesses — in this case, a regimented path for legal issuance of digital assets under "Regulation Crypto."SEC Chairman Paul Atkins has long set the goal of this rulemaking as one of the major points of his crypto regulatory plan, and the agency has schedeuled August 14 for the meeting at which the three-member commission (all Republicans) will open the SEC proposal for public comment. The regulator issued a Monday night notice announcing the Friday meeting with unusually short notice, though it's been on the agency's agenda for some time.The start of Reg Crypto's approval process — said to involved "a tailored offering regime for certain investment contracts" — follows closely on the heels of last week's failure of the Senate to begin key votes on the Digital Asset Market Clarity Act that was meant to give a legal foundation for crypto market rules in the U.S."We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market struct…

U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings

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