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SEC to vote on new crypto regulatory framework
The U.S. Securities and Exchange Commission (SEC) is scheduled to hold an open meeting on August 14 to consider proposing a new regulatory framework for digital assets, informally known as ‘Regulation Crypto’. This move comes as the U.S. Senate has delayed a procedural vote on the CLARITY Act until mid-September, prompting federal regulators to pursue independent rulemaking.
The proposed framework aims to provide a tailored offering regime for certain crypto investment contracts. Key components under consideration include a startup exemption that could allow crypto projects to raise up to $5 million without full securities registration for up to four years, and a larger fundraising exemption for projects exceeding that threshold. The SEC is also weighing an investment contract safe harbor to clarify the distinction between token offerings and traditional securities.
Additionally, the agency may consider an ‘innovation exemption’ to allow tokenized stocks to trade 24/7 on blockchain technology. To combat money laundering, the SEC may also explore rules requiring digital token platforms to maintain a U.S.-based legal presence. If the commission votes to move forward with these proposals, they will enter a formal notice-and-comment period, a process that typically takes 12 to 18 months to finalize.
Entities
Coinbase · Latham & Watkins · Paul Atkins · Securitize · U.S. Securities and Exchange Commission · U.S. Senate
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] If the SEC votes to propose the rules, the formal rulemaking process, including public comment periods, could take 12 to 18 months. bitcoinethereumnews.com · en.coin-turk.com
- [● 7 SOURCES] The SEC scheduled an open meeting for August 14 to consider proposing Regulation Crypto. koinbulteni.com · bitcoinethereumnews.com · en.bitcoinsistemi.com · en.coin-turk.com · coinedition.com · +2 more
- [● 2 SOURCES] The SEC is considering an investment contract safe harbor to clarify when token offerings constitute securities offerings. coinedition.com · coingape.com
- [○ 1 SOURCE] The SEC is considering stricter rules requiring digital token trading platforms to be U.S.-based legal entities to prevent money laundering. koinbulteni.com
- [○ 1 SOURCE] The proposal may include a larger fundraising exemption for projects exceeding $5 million that requires more detailed financial disclosures. coinedition.com
- [● 4 SOURCES] The Senate has delayed a procedural vote on the CLARITY Act until mid-September. bitcoinethereumnews.com · en.bitcoinsistemi.com · coingape.com · decrypt.co
- [● 2 SOURCES] The proposed Regulation Crypto could include a startup exemption allowing projects to raise up to $5 million without full securities registration for up to four years. coinedition.com · decrypt.co
- [○ 1 SOURCE] The agency may consider a 'innovation exemption' allowing tokenized stocks to trade 24 hours a day on the blockchain. koinbulteni.com