Brief
SEC to advance crypto rules after Congress rejects CLARITY Act
The agency moves ahead with its crypto framework after a failed congressional vote on the Digital Asset Market Clarity Act.
By Felo News Desk · Published
The U.S. Securities and Exchange Commission said it will close a 60‑day public comment period on its "Regulation Crypto Assets" proposal on Tuesday, after Congress failed to pass the Digital Asset Market Clarity (CLARITY) Act. The rules, unveiled in August, aim to create a "clear and fit‑for‑purpose framework" for certain investment contracts involving crypto assets. Over the comment window the agency received roughly 140 submissions, including about six anonymous comments. The MiCA Crypto Alliance, which supports the EU’s digital‑asset framework, backed the SEC’s disclosure changes and suggested further technical clarifications. SkyBridge Capital founder Anthony Scaramucci expressed support, saying the regulations reflect "organic adoption" and a return to the commission’s proper role. Legal observers noted the rules could be more easily overturned than a congressional act, and both the SEC and CFTC remain understaffed at senior levels.
Key facts
- The SEC will close a 60‑day public comment period on its Regulation Crypto Assets proposal on Tuesday. (cointelegraph.com)
- Congress failed to pass the Digital Asset Market Clarity (CLARITY) Act. (cointelegraph.com)
- The agency received about 140 comments, including six anonymous submissions. (cointelegraph.com)
- The MiCA Crypto Alliance supported the SEC's proposed disclosure changes. (cointelegraph.com)
- Anthony Scaramucci said the rules represent "organic adoption" and a return to the commission's proper role. (cointelegraph.com)
Sources
- [1] cointelegraph.com — originally reported as “SEC to Move Forward With Proposed Crypto Rules After Failed CLARITY Vote”
