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SEC Set to Unveil Broad Crypto Rule Plan as CLARITY Act Stalls in Senate

Source
JH Kim

Summary

  • The U.S. Securities and Exchange Commission (SEC) is set to unveil a broad cryptocurrency regulatory plan as Senate action on the CLARITY Act remains delayed.
  • The SEC will review a proposal at its August 14 public meeting to apply separate issuance rules to certain crypto-asset investment contracts.
  • The proposal could include a safe harbor that would grant early-stage token sales a temporary exemption from securities registration requirements.

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Photo: Shutterstock
Photo: Shutterstock

The U.S. Securities and Exchange Commission is poised to unveil a broad cryptocurrency regulatory plan as Senate action on the CLARITY Act remains delayed, Walter Bloomberg reported on August 11.

At a public meeting on August 14, the SEC will consider applying separate issuance rules to certain crypto-asset investment contracts. The proposal could include a safe harbor that would temporarily exempt early-stage token sales from securities registration requirements.

#Crypto Regulation
#Macroeconomy
#Policy
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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