The SEC announced an open meeting on Friday to review new rules creating a tailored regime for certain investment contracts involving crypto assets. This decision follows the US Senate’s failure last week to pass the Digital Asset Market Clarity Act (CLARITY), which was intended to provide a comprehensive regulatory framework for cryptocurrency oversight. SEC Chair Paul Atkins had stated the agency was ready to issue rules on digital assets if the bill failed. Senate Majority Leader John Thune has filed a cloture motion for lawmakers to return on September 14, though the legislation would still need to overcome significant hurdles before reaching President Trump’s desk.
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