SEC Proposes Reg Crypto Token Fundraising Rules
The proposal moves token fundraising into formal rulemaking, but the industry still wants Congress to pass the Clarity Act.
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The proposal moves token fundraising into formal rulemaking, but the industry still wants Congress to pass the Clarity Act.
The delay puts Congress back in the spotlight: the Digital Asset Market Clarity Act faces a 60-vote threshold and no clear negotiating path.
A formal rule would be harder to reverse than prior SEC staff guidance, offering crypto firms a more durable framework while Congress remains stalled.