The SEC announced it will hold a vote on August 14 to propose new rules creating a tailored offering path for certain crypto investment contracts. The vote only decides whether to issue a proposal, which would still need a public comment period, economic analysis, revisions, and a final vote—a process typically taking 12 to 18 months. The move comes as the Senate delayed its procedural vote on the CLARITY Act to September 15, leaving regulators to act independently while Congress debates the bill’s stablecoin yield language and ethics provisions. The CFTC will separately hold the first meeting of its Innovation Advisory Committee on August 20.
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