The U.S. Securities and Exchange Commission (SEC) announced it will hold an open meeting on August 14 to propose new rules allowing for a tailored offering path for certain crypto investment contracts, despite the ongoing procedural vote on the CLARITY Act.
Final rule-making process could take up to 18 months after comment period, revisions, and another agency vote. The proposed rules aim to allow projects to sell tokens to buyers expecting profit without full IPO registration, aligning with efforts by Coinbase’s chief policy officer Faryar Shirzad to bring clear rules to digital assets.
Meanwhile, the CFTC (Commodity Futures Trading Commission) has jointly interpreted a five-category token taxonomy with the SEC and provided guidance on crypto investment contracts.
Written by Steven Cook
Regulation Desk
