The U.S. Securities and Exchange Commission (SEC) said Monday it will hold an open meeting this Friday, August 14, to consider proposing new rules that would create a tailored offering path for certain crypto investment contracts.<\/p>\n
The announcement lands just days after the Senate pushed its next procedural vote on the CLARITY Act to mid-September, leaving federal regulators to press ahead on their own while lawmakers work out what\u2019s left of the bill\u2019s disputes.<\/p>\n
Friday\u2019s vote only decides whether the agency issues a proposal, not whether it becomes law. Attorney Anne Kelley pointed out<\/a> that a formal proposal would still need to clear a public comment period, economic analysis, possible revisions, and a separate final vote, a process that has typically taken major SEC rules somewhere between twelve and eighteen months from start to finish.<\/p>\n Still, she called it \u201cwelcome progress,\u201d noting the agency is choosing to act rather than sit and wait on Congress.<\/p>\n In March, the SEC and CFTC issued a joint interpretation that set out a five-category token taxonomy and defined when a crypto investment contract begins and ends.<\/p>\n And while the meeting notice<\/a> did not mention the interpretation, crypto investor Mark Chadwick believes<\/a> it will eventually lead to rules that would let projects sell tokens to buyers expecting profit from the team\u2019s work without going through the full weight of IPO-style registration.<\/p>\n Coinbase\u2019s chief policy officer, Faryar Shirzad, wrote<\/a> that the effort shows \u201cthe work of bringing clear rules to digital assets isn\u2019t waiting on Congress.\u201d<\/p>\n Separately, the CFTC said its new Innovation Advisory Committee, with representatives from Coinbase, Ripple, Robinhood, Kraken, Gemini, Polymarket, Kalshi, CME, and Nasdaq, holds its first meeting on August 20.<\/p>\n Senate Majority Leader John Thune filed<\/a> cloture early Saturday on the motion to proceed to the CLARITY Act, setting up a procedural vote for September 15, the day after the chamber returns from recess. It\u2019s a test of whether the bill can formally move forward, not a vote on its contents, and it still needs 60 votes to clear.<\/p>\n Bill sponsor Cynthia Lummis didn\u2019t hide her exasperation after the earlier delay, saying,<\/a> \u201cYou all know me and how long and hard I\u2019ve fought for this bill, so you know how frustrated I am.\u201d<\/p>\n Negotiators still have to sort out disagreements over the bill\u2019s stablecoin yield language, an issue that resurfaced after banks pushed to change the wording, plus a bipartisan ethics agreement tied to Trump\u2019s crypto holdings. The President told<\/a> Punchbowl News he wasn\u2019t against a blind trust but objected to being treated differently from other lawmakers.<\/p>\n Michael Saylor, never one to stray from his usual talking point, said<\/a> Bitcoin doesn\u2019t need CLARITY even if the country does. Meanwhile, Grayscale has floated<\/a> its own plan, arguing regulators can still tackle custody, tokenized securities, and trading rules on their own if Congress can\u2019t get the bill done this year.<\/p>\n The post SEC Plans Vote on New Crypto Investment Contract Rules as CLARITY Act Stalls<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The U.S. Securities and Exchange Commission (SEC) said Monday it will hold an open meeting this Friday, August 14, to consider proposing new rules that would create a tailored offering path for certain crypto investment contracts. The announcement lands just days after the Senate pushed its next procedural vote on the CLARITY Act to mid-September, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-212079","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212079"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=212079"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/212079\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=212079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=212079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=212079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The CLARITY Act\u2019s Longer Road<\/h2>\n