#sectoclarifyonchainfundraisingrules 🚨 CLARITY ACT STALLS — SEC MOVES FORWARD ON CRYPTO RULES
The U.S. Senate failed to advance the Digital Asset Market CLARITY Act on September 15, with the cloture vote ending 49–50.
But the regulatory debate isn't stopping there.
SEC Chairman Paul Atkins has said the SEC will continue working to provide clarity for on-chain fundraising, even after the legislation failed to advance.
📋 WHAT THE SEC HAS ALREADY DONE
🔹 Regulation Crypto Assets — Aug. 18
The SEC proposed a tailored framework for certain crypto investment contracts, including:
• Up to $5M under a proposed startup exemption over four years
• Up to $75M under a proposed fundraising exemption per 12 months
• A proposed conditional safe harbor in certain circumstances
These are proposed rules, not final regulations.
🔹 Tokenized Stocks — Sept. 17
The SEC also issued temporary, conditional relief allowing certain tokenized NMS stocks to trade through qualifying on-chain venues.
⚖️ THE BIG QUESTION
Administrative action can move faster than legislation, but the SEC itself has said congressional legislation remains important for creating durable, future-proof rules.
So the key issue for crypto builders isn't simply whether the SEC acts—it is how durable the resulting framework will be and whether Congress eventually establishes a statutory market-structure framework.
👀 Crypto regulation in the U.S. remains a major area to watch.
#CryptoNews #SEC #CLARITYAct #CryptoRegulation #Onchain #DigitalAssets
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