SEC proposes rules after CLARITY Act setback
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- The SEC proposed new rules for certain crypto investment contracts after the Senate failed to advance the CLARITY Act.
- Commissioner Hester Peirce said the proposal could replace older rules with clearer requirements for crypto offerings.
- The proposal would let some entities raise capital while keeping investor protections in place.
The US Securities and Exchange Commission proposed new rules for certain crypto investment contracts on Tuesday.
The proposal came days after the US Senate failed to advance the Digital Asset Market Clarity Act.
The SEC said the proposal would create a clear framework for certain investment contracts involving crypto assets.
The rules would allow entities to raise capital while maintaining investor protections, according to the SEC.
SEC Chair Paul Atkins said the agency’s previous enforcement-focused approach had driven investment offshore.
The proposal follows wider US efforts to establish a federal framework for digital assets after the CLARITY Act stalled in the Senate.
