The Securities and Exchange Commission (SEC) is reportedly preparing to issue a new regulatory rule designed to offer clarity for cryptocurrencies, following the failure of the Clarity Act in the Senate.
Jaret Seiberg, an analyst at TD Cowen, wrote a client note indicating that this proposed rule aims to provide a path for cryptocurrency firms to raise capital without triggering registration requirements under existing SEC regulations. Additionally, it is expected to include provisions for an exit pathway when companies are no longer actively involved in the hands-on management of their projects.
The new rule aligns with ongoing efforts by regulatory bodies such as the Commodity Futures Trading Commission (CFTC) and proposed frameworks like Reg Crypto to address the evolving landscape of cryptocurrency.
Written by Steven Cook
Regulation Desk
