SEC to Vote on Proposed Reg Crypto Framework for Some Token Offerings

The U.S. Securities and Exchange Commission has set an August 14 meeting to propose Regulation Crypto, a formal rulemaking process focused on certain digital asset offerings. The agency’s three-member commission is expected to vote on whether to release the proposal for public comment.

The development matters because it could mark the SEC’s first major attempt to create more durable rules for crypto businesses through formal regulation rather than staff statements or policy guidance. According to the source, the proposal is expected to address a tailored offering regime for certain investment contracts tied to digital assets.

The rulemaking comes shortly after the U.S. Senate left for its August recess without advancing the Digital Asset Market Clarity Act, a bill intended to define how the SEC and the Commodity Futures Trading Commission oversee crypto markets. SEC Chairman Paul Atkins has previously emphasized the need for congressional legislation, but the agency is now moving ahead with its own process.

The proposal is expected to give some crypto firms a route to raise capital for projects without triggering standard SEC registration requirements. It may also offer a way for businesses to move outside SEC jurisdiction once they are no longer actively managing the projects, according to the source.

Any rule is still far from final. The SEC’s first step would open a comment period, typically lasting two or three months, followed by possible revisions before a final version can be adopted.