U.S. Securities and Exchange Commission (SEC) hosted an open meeting on the proposal for Regulation Crypto Assets on August 14. The proposal would create a bespoke offering regime under the Securities Act for investment contracts that involve the offer of crypto assets, replacing guidance and policy statements issued by staff with regulations that are more permanent.

SEC Chairman Paul Atkins has ranked crypto rulemaking as a top priority for the agency. The commission, which consists of three commissioners, will vote on whether to approve the publication of the proposal for a public comment period, marking the start of the rulemaking process for implementing more permanent rules for digital asset…