U.S. SEC proposes first major crypto rule in surprise announcement

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1. 27d ago

   U.S. SEC Proposes Major Crypto Rule

   The U.S. Securities and Exchange Commission (SEC) has proposed its first major crypto rule in a surprise announcement. The rule is related to tokenization and crypto offerings. This development comes amid concerns from Wall Street and the White House, and as Congress stalls on digital asset legislation.

   Why it matters

   The proposed rule is significant as it marks a major step by the SEC in regulating the crypto industry. The SEC's move comes as the industry has been seeking clearer guidelines on crypto offerings and tokenization. The delay in the 'innovation exemption' for tokenization has been attributed to concerns from Wall Street and the White House.

   What is confirmed

   • The U.S. SEC has proposed its first major crypto rule.
   • The proposed rule is related to tokenization and crypto offerings.
   • The SEC's move comes amid concerns from Wall Street and the White House.
   • Congress is stalled on digital asset legislation.

   Still unconfirmed

   • A White House mix-up delayed the SEC crypto rule.

   What to watch next

   • The SEC's decision on the 'innovation exemption' for tokenization
   • Congress's next move on digital asset legislation
   • The impact of the proposed rule on the crypto industry
   Sources used for this update (5)

   1. coindesk.com — U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns
   2. coindesk.com — U.S. SEC proposes first major crypto rule in surprise announcement
   3. Reuters — US securities regulator proposes long-awaited crypto rules
   4. Semafor — Exclusive / White House mix-up delayed SEC crypto rule
   5. The Block — SEC proposes new crypto offering rules as Congress stalls on digital asset legislation
   confidence 80%