The Securities and Exchange Commission will hold an open meeting on Friday to consider whether to propose new rules that would let crypto projects raise capital without registering securities.
The Senate left for its August recess without advancing the Digital Asset Market Clarity Act, the bill meant to set a legal foundation for U.S. crypto market structure. The rulemaking is the agency's answer to that stall.
"We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act," TD Cowen analyst Jaret Seiberg wrote in a client note after the notice.
The exit clauseThe proposed framework would let developers raise capital for a project without triggering registration, as long as they stay hands-off afterward. The release is expected to offer a path out of SEC jurisdiction once the founders are no longer engaged in the active management of what they built.
That's the escape hatch, essentially: relief arrives, but only after control leaves the builders' hands.
The meeting is an open session on Aug. 14 at 10 a.m. ET.
