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Story: SEC Plans Crypto Rules as CLARITY Act Sits Stuck in Senate

By Jean-Luc Maracon

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What the SEC Is Actually Considering. The Friday meeting puts crypto investment contracts squarely on the table.

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CLARITY Act's Rough Road Back. Don't count the bill out entirely. Senate Majority Leader John Thune filed a motion to resume…

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Industry Watching Every Move. Financial stakeholders have been loud about wanting clarity.

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The SEC is moving. Quietly, but moving. The commission put crypto asset investment contracts on its Friday agenda, pushing forward even as Congress left town without passing the…

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The CLARITY Act was supposed to be the answer. It aimed to build a full regulatory framework for digital assets, drawing clear lines between what falls under SEC jurisdiction and…

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The Friday meeting puts crypto investment contracts squarely on the table. The SEC wants to evaluate regulations that could reshape how those contracts are structured and offered…

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But the scope of what the SEC can actually do here is murky. Without a law behind it, any new rules the commission puts out are going to face pushback.

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Still, from the SEC's perspective, doing nothing isn't really an option. The crypto market keeps growing, investment contracts involving digital assets keep multiplying, and the…

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Don't count the bill out entirely. Senate Majority Leader John Thune filed a motion to resume debate when the Senate returns from recess on September 14. So there's a path.

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Even if the Senate picks it back up, CLARITY has to clear several more hurdles. Senate passage is one. Then it goes back to the House.

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See also: SECs Regulation Crypto Vote Threatens to Upend How Startups Raise Capital

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The political dynamics around crypto legislation have always been messy. Crypto has fans and critics scattered across both parties, and the industry's rapid growth has made it…

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Financial stakeholders have been loud about wanting clarity. Not CLARITY the bill, necessarily — just clarity in general. Rules they can build businesses around.

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Companies that deal in crypto investment contracts are probably running through scenarios right now.

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And that's the thing — we don't know yet what the commission will put forward. The meeting is about evaluating potential regulations, not announcing finished rules.

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