Market participants weigh in on SEC’s proposed crypto regulations
Summary
The SEC is proceeding with its proposed “Regulation Crypto Assets” after Congress failed to pass the CLARITY Act. The 60-day public comment period drew about 140 submissions, including support for a proposed safe harbor for some token issuers and exemptions for limited offerings. The MiCA Crypto Alliance backed the disclosure changes while seeking clearer definitions and data requirements. Some legal experts warned that SEC rules may be easier to overturn than legislation, and the SEC and CFTC remain short of leadership staff.
