The U.S. Securities and Exchange Commission updated its agenda to propose a new crypto rule as soon as this month. The measure, known as Regulation Crypto, would create temporary exemptions from securities registration for certain activities.
The updated agenda, flagged on Tuesday, places the proposal high on the agency's near-term list. It would exempt developers pushing crypto investment contracts from registration, permit limited fundraising, and establish a safe harbor for issuers stepping back from managerial efforts.
SEC Chairman Paul Atkins outlined the concept in March. In a Tuesday statement he said the agency is embracing innovation to make the United States the crypto capital of the world and to create clear rules for capital raising with crypto assets.
The rule remains under review at the White House Office of Information and Regulatory Affairs. If issued it would mark the first major crypto-specific rulemaking under Atkins' leadership.
The SEC agenda also lists other crypto-related items, including rules on asset custody and market structure.
