The U.S. Securities and Exchange Commission (SEC) has proposed a new framework for certain crypto assets, giving digital asset companies a potential path to raise capital without automatically having their tokens treated as investment contracts.
The proposal comes as Congress struggles to advance the Digital Asset Market CLARITY Act, leaving the cryptocurrency industry facing continued uncertainty over how federal agencies will divide responsibility for digital assets.
The SEC announced its proposed “Regulation Crypto Assets” framework on August 18. The agency said the rules are intended to create a “clear and fit-for-purpose” framework for certain investment contracts involving crypto assets.
