The SEC will consider new regulations for crypto investment contracts after Congress failed to pass the CLARITY Act last week.
The US Securities and Exchange Commission will hold an open meeting this Friday to discuss new rules for crypto asset investment contracts. The move follows the Senate’s failure to pass the Digital Asset Market Clarity Act, which aimed to establish a regulatory framework for cryptocurrencies.
The CLARITY Act, blocked last week, would have provided clearer oversight for digital assets. SEC Chair Paul Atkins previously indicated the agency would act independently if Congress did not. The bill may still advance, but its path remains uncertain as lawmakers return from recess on September 14.
The SEC’s proposed rules could shape crypto market regulations without legislative backing, though the agency’s authority in this area remains contested.