SEC to address crypto regulations in absence of CLARITY passage
The US securities regulator scheduled a meeting this week with the potential to step up on digital asset policies without congressional action. Update (Aug. 10 10:40 pm UTC): This article has been updated to include a response from the SEC. The US Securities and Exchange Commission (SEC) has announced a meeting to consider “new rules to create a tailored offering regime for certain investment contracts involving crypto assets.” According to the SEC’s agenda, the commission will hold an open meeting on Friday that has the potential to address policies and regulations affecting the crypto industry in the absence of action from US Congress. Last week, lawmakers in the Senate failed to pass the Digital Asset Market Clarity Act, also known as CLARITY, which was expected to provide a comprehensive framework for financial regulators on the oversight of cryptocurrencies.
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