The SEC proposed new crypto regulations offering exemptions for token issuances amid legislative gridlock in Congress.
The US Securities and Exchange Commission proposed rules to create a framework for crypto asset investment contracts, offering a safe harbor from securities classification. The move follows Congress’s failure to pass the Digital Asset Market Clarity Act before a month-long recess.
The proposed regime aims to balance capital raising with investor protections but excludes an expected innovation exemption for crypto-based stocks. SEC Chair Paul Atkins emphasized the need for durable legislation, citing risks from future regulatory shifts.
Markets await clarity on how the rules may reshape crypto fundraising and compliance, though immediate reactions remain muted.