The SEC unveiled its proposed Regulation Crypto rules last week, giving the public 60 days to submit comments.
The U.S. Securities and Exchange Commission’s proposal outlines a potential regulatory framework for how digital asset companies can raise capital through token-based offerings.
Regulation Crypto: What’s Changing
The proposal explains how the SEC believes crypto businesses and developers could use tokens to raise funds while remaining compliant with federal securities regulations.
Why the Proposal Matters
The SEC has released numerous staff statements on cryptocurrency under the current administration but has conducted relatively little formal rulemaking. The latest proposal is therefore significant, although any final rules could still take considerable time to complete and would require companies to make further adjustments before taking effect.
Lewis Cohen, a partner at Cahill Gordon & Reindel LLP, described the proposal as a meaningful and broadly positive development, praising the SEC for the work behind it.
Cohen also said the industry still needs the Clarity Act to establish a more comprehensive regulatory framework for digital assets.
President Donald Trump similarly pressed Congress to pass the Clarity Act during a press conference last Wednesday attended by executives from leading crypto and traditional financial firms.
SEC Chairman Paul Atkins and CFTC Chairman Mike Selig joined the event, along with Coinbase CEO Brian Armstrong, Kraken CEO Arjun Sethi and other industry figures. The press conference came one day before the CFTC’s Innovation Advisory Committee convened.
Selig said at the committee meeting that the CFTC was prepared to begin its own rulemaking efforts if lawmakers ultimately fail to enact the Clarity Act.
Looking Ahead
No major hearings or regulatory meetings are currently on the schedule for this week.
