SEC Schedules Meeting to Propose Regulation Crypto, Its First Formal Crypto Rulemaking

The U.S. Securities and Exchange Commission will decide Friday whether to formally propose Regulation Crypto, the rulemaking expected to hand token issuers their first codified path to sell digital assets without registering with the agency. The commission scheduled an open meeting for Aug. 14 at 10 a.m. ET in a notice issued Monday night.

That item asks “whether to issue a release proposing rules to create a tailored offering regime for certain investment contracts involving crypto assets.” Chairman Paul Atkins has made the rulemaking the centerpiece of his crypto agenda. When he described the framework in April, after it reached White House review, he hinted at a startup exemption letting early projects raise roughly $5 million over four years under lighter disclosure, a second exemption for raises of up to about $75 million a year, and a safe harbor freeing a token from securities treatment once its team stops performing managerial duties.

Durability is what separates this from the run of staff statements the SEC has published on memecoins, stablecoins, staking and wallet software under Atkins. Those carry no force of law, and a future chair can withdraw one in an afternoon. A finalized rule binds successor commissions and forces them into their own rulemaking to unwind it.

The sequencing is hard to miss. The Senate left for its August recess without a floor vote on the Digital Asset Market Clarity Act, which has sat on the Senate calendar since clearing the Banking Committee in May.

Friday’s vote starts a process rather than finishing one. Proposals open a comment period, typically one to three months, and often draw a rewrite before adoption. Reg Crypto would sit alongside the token taxonomy the SEC and CFTC issued jointly in March, which sorted digital assets into categories and split them between the two agencies, and the tokenized securities work by the agency.

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