The U.S. Securities and Exchange Commission may propose new rules for crypto assets at a public meeting on Friday, according to investment bank TD Cowen. The proposal is expected to establish a tailored offering regime aimed at providing regulatory clarity for certain investment contracts involving crypto assets without forcing issuers into an onerous securities regulatory or litigation risk path.
### DATES
August
### PEOPLE
– Jaret Seiberg: Managing Director, Washington Research Group, TD Cowen
### ORGANISATIONS
– SEC (U.S. Securities and Exchange Commission)
– Commodity Futures Trading Commission (CFTC)
### KEY FACTS
– The proposal could establish a distinct disclosure and compliance regime for investment contracts involving crypto assets.
– It aims to provide a clear path for issuers whose crypto assets are not securities but are offered through investment contracts.
– The SEC has previously issued a legal interpretation on how the securities laws apply to crypto assets.
### UNCERTAINTIES
Details of the proposal and specific requirements (e.g., filing whitepapers) have yet to be disclosed.
Written by Steven Cook
Regulation Desk
