SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act
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SEC cancels key crypto regulatory meeting
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act.
The U.S. Securities and Exchange Commission (SEC) is expected to propose cryptocurrency rules as early as this month to streamline the fundraising process for startups.
PANews reported on July 8th that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has updated its agenda, indicating it plans to propose new cryptocurrency rules as early as this month. The rule would establish a temporary registration exemption for developers launching crypto investment contracts, allow for a certain amount of financing, and create a safe harbor for issuers exiting securities regulation. SEC Chairman Paul Atkins stated that this move aims to achieve the goal of "making the U.S. the global crypto capital," establishing clear rules for crypto asset financing, and providing clear guidance for the custody and trading of on-chain tokenized securities. This is the SEC's first major rule-making effort in the crypto space; previously, the agency had released a digital asset taxonomy and begun developing related plans to promote tokenized securities. The cryptocurrency rule is currently under review by the White House Office of Information and Regulatory Affairs.
The U.S. SEC released a statement on its 2026 regulatory agenda: promoting the trading of tokenized securities and advancing the development of crypto rules.
According to Odaily Odaily, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement regarding the 2026 regulatory agenda, indicating that the SEC will continue to advance a series of regulatory reforms, including adapting the regulatory framework to the current market environment, actively embracing innovation and new technologies, implementing President Trump's goal of "making America the global crypto capital," promoting the launch of more crypto-related products in the U.S. market, establishing clear rules for crypto asset financing, and clarifying the on-chain custody of market participants and promoting on-chain tokenized securities trading. Regarding capital market reforms, the U.S. SEC will advance its "Make IPOs Great Again" initiative, which aims to encourage more companies to enter the public market by reforming information disclosure systems and reducing compliance costs for companies seeking to go public, while maintaining necessary investor protection measures.
Bitwise CIO: The crypto industry may become part of the next generation of economic rule-making.
Odaily Odaily reports that Bitwise Chief Investment Officer Matt Hougan posted on the X platform that he recently read a speech by U.S. Treasury Secretary Bessenter, calling it "an important document that defines America's economic role for the next century." He pointed out that in his speech, Bessant outlined five principles for the future US economic strategy, the third of which was: "The United States will set the rules for the next generation of the economy." When discussing the digital economy, Bessant stated, "Digital assets, stablecoins, tokenization, and new payment systems will help shape the future of money. The United States should not place itself as a bystander in building this future." Matt Hougan commented that this statement demonstrates the US government's emphasis on promoting the development of the crypto industry and reflects the fact that digital assets are being incorporated into an important part of the future financial system and economic competitive landscape.
Crypto sectors generally declined, with the meme sector falling nearly 3%, while only the SocialFi sector remained relatively resilient.
According to Foresight News , data from SoSoValue shows that the crypto market sector has seen a correction after several days of gains. The Meme sector fell 2.72% in the last 24 hours. Within the sector, Bonk (BONK) fell 8.57%, while MemeCore (M) and BUILDon (B) fell 13.17% and 19.36%, respectively. In other sectors, the Layer 2 sector fell 0.36% in the last 24 hours, but ImmutableX (IMX) rose 4.27%; the DeFi sector fell 0.44%, while EdgeX (EDGE) bucked the trend, rising 29.92%; the Layer 1 sector fell 0.69%, with NEAR Protocol (NEAR) remaining relatively strong, rising 2.89%; the CeFi sector fell 0.74%, with Bitget Token (BGB) falling 3.17%; the PayFi sector fell 0.96%, with Trust Wallet (TWT) rising 1.39% intraday; the SocialFi sector remained relatively strong, rising 0.35% in the last 24 hours, with Gram (GRAM) rising 0.57%. Crypto sector indices reflecting historical sector performance show that the ssiSocialFi index rose 0.20%, while the ssiAI and ssiMeme indices fell 2.55% and 2.27%, respectively.
CFTC to join SEC in exploring crypto regulations without CLARITY bill
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets.